ChainCatcher news, according to Coindesk, predicts that the prediction market Limitless Network has completed a $3 million seed round financing, led by 1confirmation, with participation from Paper Ventures, Collider, and Public Works.It is reported that the company is building the prediction market on the Layer 2 network Base created by Coinbase (COIN).

ChainCatcher news, cryptocurrency investment firm 1confirmation has published its Q2 2024 LP letter on social media, in which founder Nick Tomaino stated that Ethereum's market capitalization will surpass Bitcoin's in the next five years. Currently, Bitcoin's market capitalization ($1.2 trillion) is four times that of Ethereum ($321 billion), and both will continue to grow, but Ethereum will ultimately exceed Bitcoin.Nick Tomaino explained that Bitcoin has a clear narrative (digital gold), and institutions have now accepted this narrative. Ethereum has been the most influential blockchain in the crypto space over the past five years, but people (outside the circle) know very little about Ethereum. Ethereum is the chain on which the world's most talented developers are building a decentralized internet, and ETH is the digital oil that powers it. Ethereum is scarce, generates yield, and has real use cases. Given its market capitalization is now significantly smaller than Bitcoin's, Wall Street can acquire more. It is expected that Wall Street will continue to buy in and vigorously promote Ethereum to the world in the coming years.

ChainCatcher news, Nick Tomaino, the founder of the cryptocurrency investment firm 1confirmation, stated on social media that JD Vance, at just 39 years old, has the opportunity to become the second youngest vice president in history. Peter Thiel is funding JD Vance's Senate campaign while also supporting 1confirmation.At the same time, JD Vance is very smart, has a deep understanding of the internet and cryptocurrency, and most importantly, he advocates for freedom and progress for young people. In other words, this is in stark contrast to the current elderly politics (referring to the Biden administration).

ChainCatcher news, 1confirmation founder Nick Tomaino posted on the X platform that Base will become a major hub for breakthroughs in consumer applications for cryptocurrency.He pointed out that exchanges are the main entry point for consumers, and Coinbase, as a mainstream exchange, will guide hundreds of millions of people into Base. Referring to the Binance Chain during the last bull market, Binance promoted its large-scale development by directing exchange users to that chain. Imagine the network effects that will occur when Coinbase directs users to a chain with excellent applications.Tomaino also mentioned that the best crypto developers are building high-throughput, low-cost consumer applications on Base. Furthermore, Base's culture is suitable for the mass market, with no native token, which means decision-making won't be overly indecisive; there will also be no one recruiting celebrities to launch meme coins and then run away. What attracts outsiders is not just making money, but also the rich meme culture and art.

ChainCatcher message, Nansen data shows that 1confirmation purchased $1 million worth of DEGEN in early February this year, with an average purchase price of $0.00054111. Currently, this investment is valued at approximately $105 million.

ChainCatcher news, Nick Tomaino, the founder of the cryptocurrency investment firm 1confirmation, stated on social media that 1confirmation has just distributed the latest cash allocation to LPs.It is reported that the first fund, launched in 2017, has distributed 5.13 times (net) cash to LPs, while the net DPI (distributions to paid-in capital ratio) of the second fund, launched in 2019, is now 1.78.

ChainCatcher news, according to AlexaBlockchain, the account abstraction infrastructure Pimlico has completed a $1.6 million Pre-Seed funding round, led by 1confirmation, with participation from Safe and Consensys among others.It is reported that this round of funding will be used to promote the development of account abstraction infrastructure. Pimlico offers features including ERC-20 token gas payments, multi-signature schemes, social recovery, and spending limits.

ChainCatcher news, the ENS trading market ENS Vision announced the completion of a $2 million seed round financing, led by 1confirmation. The funds will be used to further develop its ecosystem and products. (Source link)

ChainCatcher news, the metaverse land trading project Metahood has completed a $3 million seed round financing, led by 1confirmation, with participation from Volt Capital, Flamingo DAO, Neon DAO, The Sandbox co-founder Sébastien Borget, SuperRare co-founder John Crain, and others.It is reported that Metahood's platform aims to provide metaverse land buyers with more context than generic NFT marketplaces, using a map-driven interface to display available plots relevant to their surroundings, offering a broader sense of community or region, while pointing out landmarks and highlighting sales trends, nearby landowners, and more. (source link)

ChainCatcher news, Nick Tomaino, founding partner of the venture capital firm 1confirmation, stated that 2022 was the best year in 1confirmation's history:Allocated over $100 million to LPs;Made 15 new investments;Hired 2 new employees;Launched an NFT fund;Over $1 million in ETH staking rewards;Helped expose the FTX fraud. (Source link)

ChainCatcher news, 1confirmation founding partner Nick Tomaino announced on Twitter in the year-end LP letter that 1confirmation Fund I and Fund II distributed $119 million in cash to partners, while Fund III and the NFT Fund have made 15 new investments and currently hold stakes and tokens in projects such as Ethereum, OpenSea, Cosmos, dYdX, and SuperRare.It is reported that Fund I currently has a net distribution of 4.47 times the paid-in capital, with an IRR of 144.28%; Fund II currently has a net distribution of 1.2 times the paid-in capital, with an IRR of 173%. (Source link)

Chain Catcher news, the Web3 music creation platform Arpeggi Labs announced that it has raised $5.1 million in seed funding, led by a16z Crypto, with participation from 1confirmation, Palm Tree Crew, WndrCo Ventures, Steve Aoki, 3LAU, Wyclef Jean, Disco Fries, Electric Feel Ventures, Louis Bell, Joe Zadeh, Audius Foundation, Shayne Coplan, Paul Veradittakit, and Cooper Turley.It is reported that anyone can create, publish, and mix any audio on Arpeggi Labs. Arpeggi Labs aims to change the way music is created, ensuring that the correct sources are attributed when using sounds, while also readjusting creator incentives, not restricting creators from reusing existing artists' music, but rather encouraging it. (Source link)

Chain Catcher news, the Web3 data node project Rated Labs announced the completion of a $2.5 million seed round financing, with participation from 1confirmation, Semantic, Placeholder, and others.It is reported that Rated Labs was founded by Elias Simos and Aris Koliopoulos in April 2022, providing fine-grained data analytics on validators and node operators, making it easier for users to compare and contrast the performance of validators and node operators. Currently, Rated v0 offers a network browser service for Ethereum Beacon Chain validators and will add more features before the merge. It is reported that the DeFi insurance protocol Nexus Mutual is one of its clients. (source link)

Chain Catcher news, venture capital firm 1confirmation founding partner Nick Tomaino has changed his Twitter handle to "1492.eth" and stated, "1492 is the year Columbus began his first voyage." He also referred to ENS as the perfect NFT series, saying, "Some people don't think ENS is an NFT, but the fact is it is the most widely held NFT."It is reported that in June, 1confirmation launched a $100 million NFT fund, which will directly invest in NFTs and have a 10-year lifespan, primarily focusing on new projects from the companies it supports, such as projects in categories like gaming, art, photography, and music. (source link)