Only 10 content producers are chosen each week from among the contributors who get voted in weekly contests with the platform’s native token WRITE. As of Oct. 6, according to a statement from Mirror, this mechanism is no longer in place, and the service is now available to anybody having an Ethereum address and wallet.
Publishers on Mirror have full ownership over their material since it is kept on a decentralized blockchain rather than on corporate servers, which is the case with most major commercial blogging facilities that sell advertising to content-generated visitors.
Users may leave the platform with all their information if they no longer want to be a part of it since the material is cryptographically safe and cannot be changed or damaged. Mirror has grown from a tool for authors to a complete web3 creative stack for communities and DAOs, according to the developers behind it.
As soon as an Ethereum wallet is linked, users may begin generating content and inserting media blocks like as films, iFrames, social media postings, NFTs, auctions, and crowdfunds. Blogs from rest of the platforms, such as Medium or Substack, may be imported as well. In addition, by integrating Ethereum addresses into the site, users will be able to share and finance each other’s work.
Publishing on Mirror is Now Open to All 📝
Connect your wallet and start a decentralized blog in seconds.https://t.co/fWQgr0Ssc4
— Mirror (@viamirror) October 5, 2021
It is possible to construct “Entry Editions” of blogs, which are NFTs of material that may be monetized by users. Ethereum co-founder Vitalik Buterin and other DAOs, like the Aave Grants DAO, have published material on the platform this year.
In July, a documentary film on Ethereum’s development raised $1,036 ETH through a crowdfund on Mirror’s platform using the service. Added incentives such as stake will be given to authors who participated in Mirror’s last writing competition, dubbed the WRITE Race.
The protocol’s native WRITE token has yet to be published on major monitoring services or exchanges after being given publishing authority on Mirror via the voting mechanism. The project claimed that it will be integrating the Ethereum Name Service (ENS) and providing additional functionality like as subscriptions, feeds, and an enhanced editing experience.
It is not to be confused with the DeFi system known as Mirror Finance, which makes use of the MIR token ticker and allows the minting of synthetic assets.