Limitless Network has raised $3 million in a pre-seed funding round led by 1confirmation.

Paper Ventures, Collider, and Public Works participated. Limitless is building a marketplace on Base, a second-layer network created by Coinbase.

The company specializes in short-term markets, such as betting on the price of a stock or cryptocurrency at the end of the trading day.

Daily markets attract traders because of the quick turnaround time. The average user spends about four hours a week on the platform.

Limitless processes over $200,000 in daily transactions, while Polymarket volumes reach tens of millions.

The company also offers user-created markets, which users can earn from.