Limitless Labs, the R&D network behind the prediction market Limitless, has announced the successful closure of a $3M pre-seed round led by venture capital firm 1confirmation.
Successful Closure of Pre-Seed Round
The funding round was led by 1confirmation, known for its expertise in prediction markets and backing from tech veterans like Peter Thiel, Marc Andreessen, and Mark Cuban. Other notable investors such as Paper Ventures, Collider and Public Works also participated in the round.
Growth of Limitless Platform
The completion of the funding round coincides with a period of rapid growth for the Limitless prediction market platform. Volume has increased by 800% in the past week, and the market is now processing more than $200k in daily transactions. Around 50% of active monthly traders on Limitless interact with the platform every day.
Future Plans and Prospects
Funding from 1confirmation will be used to accelerate development of the Limitless platform and launch new products and features, including a decentralized social network. This will enable users to create and participate in their own prediction markets and grow their reputation.
Limitless Labs continues to grow actively in the prediction markets and SocialFi sector. With new investors and a growing user base, the company expects significant growth and expansion of opportunities for its users.
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