Ukrainian-founded Web3 startup Limitless Labs has raised $10 million in a seed funding round, led by 1confirmation, to expand Web3 prediction markets for ultra-short-term contracts.
- Founded in 2023 by CJ Hetherington, Roman Mogylnyi, Dmytro Horshkov, and Rev Miller, Limitless Labs is a Ukrainian startup focused on building decentralized applications for real-time prediction markets using blockchain and AI technologies.
- Its main product, Limitless Exchange, allows users to trade ultra-short-term contracts on event outcomes directly from their wallets, supporting cross-chain transactions with instant settlement and no custodial requirements.
Details of the deal
- The investment was led by US-based VC firm 1confirmation, with participation from Collider Ventures, F‑Prime Capital, Digital Currency Group (DCG), Coinbase Ventures, Node Capital, Arrington Capital, Flyer One Ventures, and SID Venture Partners.
- Limitless Labs plans to use the $10 million funding to expand its decentralized prediction market platform by developing shorter-duration markets, scaling its team and infrastructure, pursuing global licensing, and preparing for the LMTS token launch to support liquidity, rewards, and governance.
