Limitless Raise $4m Strategic Funding, Launch Points Ahead of TGE
, today announces the closure of $4M in fresh funding in a strategic round and welcomes Arthur Hayes as an advisor alongside an investment from his family office, Maelstrom. The funding follows a prior $3M pre-seed round led by 1confirmation, and comes after the team found breakout demand for short term prices markets on assets like BTC, which are similar in nature to 0DTE options but a much easier way to trade and feature even shorter dated expiries such as hourly, racking up over $250M in volume soon after launch.
This brings Limitless' total funding raised to $7M, backed by Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures, as well as individual investors via the Base Ecosystem Fund group on Echo. In preparation for an upcoming TGE, the team today launched a points program targeted at prediction market enthusiasts who can get skin in the game by using the product, providing liquidity, and referring their friends to join the platform. Limitless seems likely to become the first major prediction market platform to launch a token and distribute an airdrop to its early customers, marking a notable opportunity for retail traders. The team also just introduced a new mobile-first trading experience that enables people around the world to seamlessly wager on their favorite assets' performance in the next hour or day. “The future of trading is easy, fast, and powered by an army of token holders. We’re excited to bring this vision to reality,” said CJ Hetherington, CEO at Limitless Labs.is the largest prediction market on Base with over $250M bet on unique contracts that allow users to wager on the performance of their favorite assets in the next minutes, hour or day - a net new, easy way to trade for casual users.Disclaimer: This is sponsored content. The information on this page is not endorsed or supported by U.Today, and U.Today is not responsible or liable for any inaccuracies, poor quality, advertising, products or other materials found within the publication. Readers should do their own research before taking any actions related to the company. U.Today is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.Terra Nexus Enters into an MoU with a Chinese Government-Owned Enterprise "Sinohydro"
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mercurity Fintech to Raise $800M for Strategic Bitcoin Treasury ReserveCrypto Blog
Read more »
Inside the US military's strategic deception to strike IranBusiness Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.
Read more »
Cupertino cuts the ribbon on inclusive playgroundProject at Jollyman Park cost about $5.4M.
Read more »
Pentagon flexes US military's decoys and strategic deception that took Iran and world by surpriseThe U.S. military used deception and decoys when it carried out its surprise strikes on Iranian nuclear facilities that caught the world off guard, Pentagon officials say.
Read more »
Digital Asset, Builder of Privacy-Focused Blockchain Canton, Raises $135MThe strategic raise was led by DRW Venture Capital and Tradeweb Markets.
Read more »
Limitless Raise $4m Strategic Funding, Launch Points Ahead of TGECrypto Blog
Read more »