Limitless Labs Secures $3M Pre-Seed Funding Led by 1confirmation

The creative brains behind the Limitless prediction market, Limitless Labs, have raised $3 million through the successful closing of their pre-seed investment round. Leading venture capital company 1confirmation led the round, including support from well-known figures like Marc Andreessen, Mark Cuban, and Peter Thiel. Other investors, such as Paper Ventures, Collider, and Public Works, are taking an interest in Limitless because of its remarkable growth.

Over the past week, the platform has experienced an 800% increase in transaction volume, handling over $200,000 in trades every day. The popularity of Limitless is demonstrated by the fact that about half of its active users utilize it every day.

Expansion Plans and Future Features

The funds raised will be directed toward accelerating the platform’s development and launching exciting new features, including a decentralized social network. This feature will allow users to create custom prediction markets, enhancing engagement and expanding the platform’s reach. Nick Tomaino, 1confirmation’s Founder and General Partner, expressed his enthusiasm for Limitless, stating, “I believe prediction markets will see trillions of volume in coming years and love what Limitless is doing on Base.”

With prediction markets covering a wide range of themes, such as equities and cryptocurrency, as well as less conventional matters like Pavel Durov’s incarceration and the future of X in Brazil, the Limitless platform has garnered attention. These markets have shorter resolution times, which appeal to customers who don’t want to lock up funds for extended periods of time.

By putting itself in the middle of SocialFi and prediction markets, Limitless is giving content producers new avenues for audience revenue generation through the development of unique marketplaces. This new function can inspire a wide range of imaginative and interesting market niches.