Limitless Raises $4 Million Led by Coinbase Ventures for Token Event

Limitless, a trading prediction market built on Base, has successfully raised $4 million in a funding round led by Coinbase Ventures. This investment brings the total funding for Limitless to $7 million, highlighting the growing interest and confidence in the platform's potential. The round also saw participation from 1confirmation, Collider, Node Capital, and Paper Ventures, along with Maelstrom, the family office of Arthur Hayes, who joined as an advisor to the firm.

The capital raised is anticipated to support Limitless' upcoming token generation event. In preparation for this, the platform has introduced a points program designed to reward its most active users. Users can earn points by engaging with the platform's services, providing liquidity, and referring new users. These points will be distributed through an airdrop event, aimed at boosting user engagement and participation.

The significant investor interest in Limitless can be attributed to the platform's high user engagement. To date, users have made $250 million in bets on the platform. This engagement is driven by Limitless' focus on ease of use and user experience, which has led to the release of a new mobile-first trading experience. This approach is part of the platform's vision to make trading more accessible and user-friendly.

Limitless operates as a prediction market, allowing users to bet on short-term price movements in cryptocurrencies. This includes bets on price changes within minutes, hours, or days, offering a novel and user-friendly way to participate in the crypto market. The platform's success in attracting both users and investors underscores its potential to disrupt traditional trading methods and bring a fresh perspective to the crypto market.