Limitless Secures $4 Million Funding Round Led by Coinbase Ventures

Limitless, the leading prediction market on Base, has successfully closed a $4 million strategic funding round, bringing its total funding to $7 million. This round was led by notable investors including Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures, along with individual investors through the Base Ecosystem Fund group on Echo. The strategic round also saw the addition of Arthur Hayes as an advisor, with an investment from his family office, Maelstrom.

This funding follows a previous $3 million pre-seed round led by 1confirmation. The platform has experienced significant demand for short-term price markets on assets like BTC, which are similar to 0DTE options but offer even shorter dated expiries such as hourly. This demand has resulted in over $250 million in volume soon after launch, highlighting a strong market interest in Limitless' unique trading experience.

In anticipation of an upcoming Token Generation Event (TGE), Limitless has introduced a points program aimed at prediction market enthusiasts. This program allows users to gain early access and benefits by using the product, providing liquidity, and referring friends to join the platform. This initiative positions Limitless as a potential pioneer in the prediction market space, as it is likely to be the first major platform to launch a token and distribute an airdrop to its early customers, offering a notable opportunity for retail traders.

The platform has also launched a new mobile-first trading experience, enabling users worldwide to seamlessly wager on the performance of their favorite assets in the next hour or day. This innovation aligns with the vision of making trading easy, fast, and powered by an army of token holders, as stated by CJ Hetherington, CEO at Limitless Labs.

Limitless is designed to offer a net new, easy way to trade for casual users, with unique contracts that allow users to wager on the performance of their favorite assets in the next minutes, hour, or day. The platform's focus on short-term markets and user-friendly trading experience sets it apart in the prediction market landscape.