Prediction Market Limitless Raises $3M in Pre-Seed Funding Led by 1confirmation
Key Highlights of Limitless' Funding Round
On September 17, 2024, Limitless Labs successfully raised $3M in a pre-seed funding round led by the prominent venture capital firm 1confirmation. This notable investment comes at a time of rapid market growth, evidenced by an 800% increase in trading volume over the past week. Within merely a week, Limitless is now processing over $200k in daily transactions.
Investor Insights
The expertise of 1confirmation in prediction markets is enhanced by a roster of tech veterans including Peter Thiel and Mark Cuban. Nick Tomaino, Founder and General Partner at 1confirmation, stated his belief that prediction markets will handle trillions in volume within a few years.
The Future of Limitless
Investment from this round will help speed up the development of new features, including a decentralized social network that allows users to create their own prediction markets, enriching the overall user experience. Limitless aims to intersect areas of prediction markets and SocialFi, promising an exciting evolution for its community.
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