Web3 Publishing Platform Paragraph Closes $1.7 Million Funding Round with Binance Labs Involved

Web3 publishing platform Paragraph closed a $1.7 million round of funding led by Lemniscap with participation from FTX Ventures, Binance Labs, GCR and Seed Club Ventures.

Founded by Colin Armstrong in 2021, Paragraph is a publishing platform that helps web3 writers, DAOs and NFT communities monetize their content through an all-in-one newsletter service. Paragraph enables content creators and community builders to manage their audience through memberships using either NFTs or ERC-20 tokens.