Mirror challenges legacy media with Web3 platform
Publishing platform operator Mirror.xyz is a tech pioneer, seeking to leverage the much-hyped Web3 to generate a platform that economically benefits creators.As a movement, Web3 seeks to transfer the ownership and distribution rights of data away from platform operators to platform users, with data recorded on the blockchain being entirely owned by its creators. The term is also widely used to describe services developed by blockchain companies.In a bid to diversify creators' revenue models and prevent the loss of online content due to platforms coming offline, Mirror has applied Web3 to its own media platform."I want to create an environment where local journalists can reap the rewards of their hard-work, despite not being well-known. In time, the platform will evolve to allow us to raise funds beyond simply publishing articles," said Graeme Boy, co-founder and chief technology officer of Mirror, in an interview with The Miilk on Aug. 5.