Paragraph.xyz

Paragraph.xyz is a web3-native publishing platform designed to empower creators by combining traditional web2 functionalities with innovative web3 tools. It allows users to publish blogs and newsletters, build virtual communities, and monetize their content in new ways. The platform is particularly focused on web3-native writers, DAOs, and NFT communities, though it plans to expand to traditional media in the future.

Key Features

• Web3 Integration: Paragraph.xyz supports features like gasless NFT minting, optional permanent storage via Arweave, and integration with web3 social networks like Farcaster.xyz. Creators can use NFTs or ERC20 tokens for gated content and mint special edition NFTs for additional perks like exclusive content or Discord access.
• Web2 Functionality: It offers tools such as email-based subscriptions, Google Analytics integration for audience tracking, and seamless import/export of data, including subscribers and articles from other platforms like Substack or WordPress.
• Monetization Options: Creators can earn through subscription models that include crypto payments (e.g., stablecoins or Ethereum), NFT memberships, and more. Paragraph takes a 5% cut of subscription revenue, which is lower than competitors like Substack.

Unique Advantages

1. Ownership and Portability: Creators retain full ownership of their content and audience. All data can be easily exported if needed.
2. Community Building: The platform helps foster direct relationships with readers through wallet-to-wallet newsletters and NFT-based memberships.
3. Early Mover Benefits: As a growing platform, early adopters can secure memorable usernames and benefit from a smaller creator pool.

Background

Paragraph.xyz was founded in 2022 by Colin Armstrong, a former Engineering Manager at Google and Software Engineer at Coinbase. Initially launched as Papyrus.dev, it was rebranded to Paragraph.xyz to align with its web3 focus. The platform has raised significant funding, including a $5 million seed round led by Union Square Ventures and Coinbase Ventures.

In summary, Paragraph.xyz is an innovative publishing tool that bridges the gap between traditional online publishing and decentralized web3 technologies, enabling creators to “create on their own terms”.