Selling:

Asset: Kraken
Tranche: $4m+
Pricing: $15 PPS

Any questions: DM @otcnick

Selling:

Asset: Memeland (MEME)
Tranche size: $4m
Pricing: Discount to post

Questions DM: @otcnick

Key takeaways on Web3 secondary market in October by SecondLane

- Record amount of offers of over $0.5 bln USD, mostly due to the FTX claims on the market
- $516M in Asks and Bids
- 1.6x growth in amount of offers since September
- $1.9M median Buy Ask vs $1.0M median Sell Offer
- 19% median spread on FDV of Buy/Sell IOIs of the same projects
- 2x median spread on minimum amount of Buy/Sell IOIs of the same projects
- top projects: FTX claims, Starkware, EigenLayer, RiscZero, Arbitrum, Optimism, Aleo, Circle, Sei, Nansen
- 55% SAFT and 45% equity deals
- 81% (Pre-)Seed, 19% Rounds A-D - shift from later to earlier stages almost tripled
- 53% of offers on L1, L2, DeFi, blockchain services and infrastructure

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Selling:

Asset: FlamingoDAO
Tranche size: 125,000 units
Pricing: 1x NAV
Notes: DAO membership is limited.

Any questions: DM @otcnick

Selling:

Asset: Shade Protocol (SHD)
Tranche size: $125,000
Pricing: 60% discount from spot
Note: Locked tokens

Any questions: DM @otcnick

Selling:

Asset: PYTH
Tranche: $5m +
Pricing: Discount to spot
Note: Locked tokens

Any questions: DM @otcnick

Buying:

Asset: Twitter (X)
Tranche: $10m+
Pricing: Open to negotiation

Any questions: DM @otcnick

Selling:

Asset: WAX
Tranche: 4m tokens (liquid)
Pricing: Discount to spot

Any questions: DM @otcnick

Buying:

Asset: FTX Claims
Tranche: Unlimited
Pricing: Case by case basis, based on volume

Any questions: DM @otcnick

Selling:

Asset: X (Formally Twitter)
Tranche: $30m+
Pricing: Less than Elon paid

Any questions: DM @otcnick

Selling:

Asset: Celestia (Locked TIA tokens)
Total size: 350,000 tokens
Pricing: $5 per token

Any questions: DM @otcnick

Selling:

Asset: Stability AI
Total size: $6m
Valuation: $3B

Any questions: DM @otcnick

Buying:

Asset: Alchemy
Total size: $7m +
Valuation: Negotiable

Any questions: DM @otcnick

Buying:

Asset: TRM Labs
Total size: $10m+
Valuation: Negotiable

Any questions: DM @otcnick

Buying:

Asset: Lightspark
Total size: $8m+
Valuation: Negotiable

Any questions: DM @otcnick

Selling:

Asset: Blockdaemon
Total size $1m+
Valuation: $1b

Any questions: DM @otcnick

Selling:

Asset: nfty.finance (locked tokens)
Total size: $500k+
Pricing: $0.003 per token

Any questions: DM @otcnick

Selling:

Asset: SpaceX
Total size $20m
Special notes: SPV, direct to cap table

Any questions: DM @otcnick

Buying:

Asset: esGMX
Total size: $500k
Pricing: Discount to spot, negotiable

Any questions: DM @otcnick

Selling:

Asset: Layer Zero + STG / ZRO token warrants
Tranche: $5m
Pricing: $3b

Any questions: DM @otcnick

Key takeaways on Web3 secondary market in November by SecondLane

- Growing amount of offers to a record of $573M USD, mostly due to the FTX claims on the market

- Almost identical $1.5M median Buy Ask and median Sell Offer

- Median spread on FDV of Buy/Sell IOIs of the same projects grew to 32% vs cumulative half-year median of 19%

- Median spread on minimum amount of Buy/Sell IOIs of the same projects in Nov dropped to 20% vs cumulative half-year median of 2x

- Top projects: FTX claims, dYdX, EigenLayer, Aleo, Monad, Arbitrum, Pyth, Nansen, Scroll, OpenAI, SpaceX

- Largest discounts to last funding round were offered for projects in: blockchain services, CeFi, tech development, social and socialFi, DID, NFT

- Largest premiums came with staking, L2s, CEXes and blockchain analytics

- 64% SAFT and 36% equity deals

- 80% (Pre-)Seed, 20% Rounds A-D

- 5 industries dominate the Web3 secondary market with 51% of offers on L1, L2, DeFi, blockchain services and infrastructure

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