WEB3 content publishing platform PARAGRAPH has completed a $5 million financing and acquired MIRROR. MIRROR's parent company REFLECTIVE TECHNOLOGIES INC raised $10 million from ELECTRIC CAPITAL, and A16Z CRYPTO, UNION SQUARE VENTURES and VARIANT also participated in the investment to develop a new product KIOSK. PARAGRAPH's new financing comes from UNION SQUARE VENTURES and COINBASE VENTURES, and its founder COLIN ARMSTRONG will serve as CEO, while MIRROR founder DENIS NAZAROV will serve as an advisor.

Web3 publishing platform Paragraph said that in addition to acquiring Mirror, it has raised $5 million in new financing from Union Square Ventures and Coinbase Ventures. Paragraph founder Colin Armstrong will serve as CEO, and Mirror founder Denis Nazarov will serve as an advisor. In addition, Mirror's parent company Reflective Technologies Inc revealed that it raised $10 million from Electric Capital, and a16z crypto, Union Square Ventures and Variant also provided additional investment for the development of a new product Kiosk. (The Block)

PARAGRAPH acquires MIRROR and completes $5 million in financing, MIRROR's parent company raises $10 million to develop new products