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Union Square Ventures Values Crypto Publishing Tool Mirror at $100 Million
Summary: Union Square Ventures, an early backer of the cryptocurrency exchange Coinbase, has invested in crypto publishing tool Mirror.xyz at a $100 million valuation, according to two people with direct knowledge of the funding. The one-year-old startup has raised at least $10 million across two recent seed financings from investors including USV and Andreessen Horowitz, the ...
Union Square Ventures, an early backer of the cryptocurrency exchange Coinbase, has invested in crypto publishing tool Mirror.xyz at a $100 million valuation, according to two people with direct knowledge of the funding. The one-year-old startup has raised at least $10 million across two recent seed financings from investors including USV and Andreessen Horowitz, the people said.
Founded by former Andreessen Horowitz crypto partner Denis Nazarov, Mirror resembles Medium, the blogging tool used for essays and newsletters. It goes a step further by providing tools for writers to crowdfund their projects through the sale of non-fungible tokens, the one-of-a-kind digital items verified via the blockchain.
By Amy Liu
Tags: invest,Mirror,USV
Link: Union Square Ventures Values Crypto Publishing Tool Mirror at $100 Million [Copy]
