Their mission: “Through a decentralized, user-owned, crypto-based network, Mirror’s publishing platform revolutionizes the way we express, share, and monetize our thoughts.”

When you become a writer on the platform you become a co-owner. The platform is run and built by its contributors.

Mirror.xyz uses crypto tokens. When you possess the $WRITE crypto token you are given the ability to publish on the platform.

The Mirror.xyz community votes for the writers they want to join the platform. Ten writers per week are chosen and given a token. One token equals one publication.

Mirror seeks to democratize revenue streams for creators. It’s still a work in progress.

“In Web 2.0, creators monetize their work via a SaaS model, where they’re paid for a newsletter, artwork, or craft on a regular basis.
In Web 3.0, creators monetize through the issuance of a social token or NFTs, with non-fungible tokens acting as digital media ownership.”

The best part about Mirror is you will be paid as a writer in cryptocurrency (Ethereum).

an NFT is a smart contract that reflects digital ownership. An NFT is then stored on the blockchain, making it easy to transfer and divide up into smaller pieces.

Each time the NFT is sold, the original creator can get a percentage of the profit.

You could co-write a story with a friend and set the split of earnings from the story as 50/50.

What will likely happen is centralized platforms will voluntarily migrate to become decentralized platforms, inspired by Jack Dorsey’s announcement to look at making Twitter decentralized.

Decentralization may become a mandatory feature among readers and writers, rather than an option. The benefits of decentralization became clear with Bitcoin and Ethereum. Blockchain could become a writer’s best friend.