Limitless, the leading prediction market platform on the Base blockchain, has successfully raised $4 million in a strategic funding round, marking a significant milestone in its growth journey. The funding, backed by prominent investors including Coinbase Ventures and Arthur Hayes' family office, Maelstrom, underscores the growing confidence in Limitless' innovative approach to decentralized price prediction markets.
This latest round follows a previous $3 million pre-seed round led by 1confirmation, bringing the total capital raised by Limitless to $7 million. The fresh infusion of funds is set to fuel the platform's expansion and enhance its offerings, positioning it as a key player in the rapidly evolving DeFi space.
In addition to the funding news, Limitless has announced the launch of its Points Program, a pre-token initiative designed to engage its community and reward early adopters ahead of the much-anticipated Token Generation Event (TGE). This program aims to incentivize user participation and build momentum as the platform prepares for its next phase of development.
Arthur Hayes, the renowned crypto visionary and former CEO of BitMEX, joins Limitless as an advisor, bringing his extensive industry expertise to the table. His involvement, along with the investment from Maelstrom, signals strong backing from influential figures in the cryptocurrency ecosystem.
Limitless.exchange has already gained traction as the largest prediction market on Base, catering to the growing demand for short-term price markets on various assets. With this strategic funding, the platform is poised to further innovate and capture a larger share of the decentralized finance market.
The combination of significant funding, strategic partnerships, and community-focused initiatives like the Points Program positions Limitless for a promising future. As the TGE approaches, all eyes are on how Limitless will leverage these developments to redefine prediction markets in the blockchain space.
Andrew Lee
