Creator-focused web3 platforms are building their online homes on .xyz domains. Publishing platform Mirror.xyz helps writers distribute and monetize their minted work. Media company Islands.xyz works to bridge talent from web2 internet companies over to web3’s crypto, NFT, and other creator-focused projects. DAO-governed Universe.xyz helps artists mint NFTs and launch community-driven NFT universes. In this week’s #BlockchainThursday, we’ll introduce you to a publishing platform aimed at helping creators publish content, grow audiences, and foster communities: Paragraph.xyz.
Paragraph.xyz is a web3-native publishing platform that helps creators publish blogs and newsletters for virtual communities. The platform aims to help creators reach their audiences on web2 while using web3 tools to create, distribute, and monetize their content. With Paragraph.xyz, you can develop a community around your newsletter by selling NFT memberships, a feature which is designed to give ownership to your readers. You can also mint special edition NFTs that grant additional features to your readers, like special content, comment privileges,and Discord access. Paragraph.xyz’s current focus is on web3-native writers, DAOs, and NFT communities, with plans to expand to traditional media in the future. On October 24, 2022, Paragraph.xyz announced that they closed a $1.7 million pre-seed funding round led by investment firm Lemniscap. The platform will use the proceeds to expedite product development and user acquisition.1
The platform’s website offers resources to demonstrate what sets the platform apart from other publishing platforms like Substack or Mirror.xyz. Web3 and web2 functionalities are listed for review and comparison. Web3 functionalities of Paragraph.xyz include gasless NFT minting and optional permanent storage on Decentralized Storage Network (DSN) Arweave. Web3 creators who move over to Paragraph.xyz can bring their own NFTs or ERC20 tokens for gating content or they can mint directly on the platform. Paragraph.xyz now integrates with web3 social networks like Farcaster.xyz, which helps discussions from those platforms to be displayed on your posts automatically. Web2 functionalities include the ability to see the email addresses of your subscribers, which can help you to keep track of your subscribers. You can also connect your Paragraph.xyz publication to Google Analytics to track audience, conversion rates, and more.
Founder Colin Armstrong is a former Engineering Manager at Google and Software Engineer at Coinbase. He originally developed the platform under the name Papyrus, then rebranded and upgraded the domain from Papyrus.dev to the more apt and topical Paragraph.xyz. As Colin explained to us,
We are proud to have creator-focused platforms like Paragraph.xyz defining the .xyz community. You can learn more by joining the Discord, following the platform on Twitter @paragraph_xyz, and by visiting Paragraph.xyz.
XYZ is proud to share about the many incredible members that make up the XYZ community! We encourage you to do your own research before using the products and services of the websites we feature. The information about products and services contained in this blog post does not constitute endorsement or recommendation by XYZ