Buying:

Asset: FTX Claims
Total size: No size caps
Minimum size: $200k
Special notes: Updated higher pricing. Pricing is based on size of the claim(s).

Any questions: DM @otcnick

Selling:

Asset: Arbitrum
Total size $3m+
Minimum size: $2m
Pricing: Discount from spot

Any questions: DM @otcnick

The December report is live.

Key takeaways on Web3 secondary market in December 2023 by SecondLane

- All time record of offers amounting to $680M USD
- +57% increase in amount of offers to Nov

⁃ Largest discounts to last funding round were offered for projects in: DID, NFT, wallets, CeFi, Social, L2 and Blockchain services
⁃ Largest premiums came with L1s, Staking, GameFi, and Blockchain analytics
⁃ Largest premiums came for Round A deals (67%); Pre-Seed rounds came with discounts or at par
⁃ top projects: FTX claims, LayerZero, EigenLayer, Aleo, Monad, Celestia, Nil Foundation, Spacemesh, Berachain, Blockdaemon, Stability.ai, Worldcoin

- median spread on minimum amount of Buy/Sell IOIs of the same projects in December dropped to 0% vs cumulative 8 months median of 50%
- Median Buy ask dropped to $200k in Dec from $1.5M in November compared to $4.1M avg Sell Offer ($1.5M median Sell offer)
- 62% SAFT and 38% equity deals
- 90% (Pre-)Seed, 10% Rounds A-D

- 5 industries dominate the Web3 secondary market with 64% of offers on L1, L2, DeFi, blockchain services and infrastructure
⁃ Average deal maturity: 1.6 months on Buy requests and 2.2 months on Sell offers until expiration or transaction

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Selling:

Asset: ALEO
Total size: $5m+
Minimum size: $500k
Pricing: $2.5B

Any questions: DM @otcnick

Selling:

Asset: Nation state aligned (G7) Bitcoin miner
Total size: $4m+
Minimum size: $2m
Notes: SPV

Any questions: DM @otcnick

Selling:

Asset: Manta Network
Total size: $1m+
Minimum size: $500k
Pricing: $800m FDV

Any questions: DM @otcnick

Selling:

Asset: Animoca
Tranche: $4m+
Minimum size: $1m
Price: $0.85 per share

Any questions: DM @otcnick

Selling:

Asset: Panoptic
Total size: $2m+
Minimum size: $1m
Notes: Equity + token warrant

Any questions: DM @otcnick

Please finalize interest by January 25'th — SPV closes Feb 1

Any questions: DM @otcnick

Selling:

Asset: SEI
Total size: 2.5m locked tokens
Minimum size: $250k
Pricing: Discount from spot
Notes: Direct re-assignment, staked tokens earn yield

Any questions: DM @otcnick

Selling:

Asset: Blast
Total size: $1m+
Pricing: Open to bids

Any questions: DM @otcnick

Buying:

Asset: Circle
Total size: $5m+
Pricing: Open to negotiation

Any questions: DM @otcnick

Buying:

Asset: Ronin (RON)
Total size: $5m+
Pricing: Open to negotiation
Notes: Liquid or locked tokens acceptable

Any questions: DM @otcnick

Selling:

Asset: Dymension (DYM)
Total size: $3m+
Pricing: Discount from spot

Any questions: DM @otcnick

Buying:

Asset: LayerZero
Total size: $2m+
Pricing: Negotiable

Any questions: DM @otcnick

Selling:

Asset: Manta Network
Total size: $2m+
Pricing: Large discount to spot

Any questions: DM @otcnick

Selling:

Asset: Hugging Face
Total size: $5m+
Pricing: Previous round valuation
Notes: DTC SPV

Questions: DM @otcnick

Selling:

Asset: Databricks
Total size: $10m+
Notes: DTC SPV

Questions: DM @otcnick

Selling:

Asset: Celestia
Total size: $5m+
Pricing: Competitive discount to spot

Any questions: DM @otcnick

Selling:

Asset: Cohere
Notes: 0/0 SPV
Total size: $10m+
Pricing: Negotiable

Any questions: DM @otcnick

Buying:

Asset: Fuel
Total size: $3m+
Pricing: $750m FDV

Any questions: DM @otcnick