The Good Tech Companies - Limitless Labs Secures $3M Funding from 1confirmation to Revolutionize Prediction Markets

Episode Date: September 18, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/limitless-labs-secures-$3m-funding-from-1confirmation-to-revolutionize-prediction-markets. Limitless Labs has secured $3 million in upfront funding led by renowned investor 1confirmation. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3-funding, #limitless-labs, #limitless-labs-fund-raising, #1confirmation-investment, #paper-ventures-investment, #collider-web3-investment, #public-works-web3-investment, #good-company, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Limitless Labs has secured $3 million in upfront funding led by renowned investor 1confirmation. The funding round also saw participation from major investors such as Paper Ventures, Collider, and Public Works. The platform has experienced explosive growth, with an 800% increase in volume last week alone, now handling over $200,000 in daily transactions.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Limitless Labs secures $3 million funding from One Confirmation to revolutionize prediction markets by Ashan Pandey. Limitless Labs, the innovative R&D network specializing in prediction markets, blockchain, and AI, has secured $3 million in upfront funding led by renowned investor One Confirmation. The funding round also saw participation from major investors such as Paper Ventures, Collider, and Public Works. Founded in December 2023 by C.J. Hetherington, Roman Mogulny, Dima Horshkov, and Rev Miller, Limitless Labs is the driving force behind the rapidly growing prediction marketplace,

Limitless. The platform has experienced explosive growth, with an 800% increase in volume last week alone, now handling over $200,000 in daily transactions. Impressively, half of its active traders engage with the platform daily, highlighting high user engagement and rapid adoption. The capital infusion will accelerate Limitless's growth trajectory, supporting the rollout of new features and innovations. Among these is a decentralized underground social network that will enable users to create and manage their own prediction markets. This new platform aims to expand the user base while providing a unique avenue for individuals

to build personal reputations. Nick Tomaino, founder and general partner of One Confirmation, which is backed by industry heavyweights like Peter Thiel, Mark Andreessen, and Mark Cuban, expressed optimism about Limitless's future. Prediction markets are a poised to see trillions in volume in the coming years, and Limitless is leading the charge on base, he commented. This year has marked a significant moment for prediction markets, fueled by surging interest in events like the US presidential election. Limitless has also witnessed increased demand for its crypto and stock markets, which operate similarly to zero days to expiry, zero DTE, options in traditional finance.

The community thrives on trading fast-paced markets, covering topics ranging from the arrest of Telegram founder Pavel Durev to speculation on the future of X in Brazil. Users are attracted to these markets without the need for long-term capital lockups. Positioned at the intersection of prediction markets and social finance, Social FI, Limitless is redefining how creators can monetize their audiences. By allowing users to create and profit from their own marketplaces. Limitless is it to usher in a wave of popular new categories. Don't forget to like and share the story. Tip vested interest disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for

quality, but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.