Selling:

Asset: Nibiru (NIBI)
Total size: $4m+
Notes: Locked tokens

Any questions: DM @otcnick

Key takeaways on Web3 secondary market in February 2024 by SecondLane

- $769M of February 2024 book value (Asks and Bids)
- $5M avg offered amount
- top projects: LayerZero, Solana, Fuel, Celestia, Fireblocks, Ronin, Mavia, Dymension, JTO, Pyth

- $200k median Buy Ask at an $0.7B average valuation
- 75% of Buy Asks come at discount (40%-50% avg discount to last round); 12% at par; 12% with premium of 120%-130% to last round
- $1.6M median Sell Offer at $6.2B avg valuation
- 45% of deals offered at discount (45%-50%); 27% at par; and 31% asked for a premium (250%-260% to last round)

- largest discounts for NFT, staking, social, L2, wallets, GameFi, blockchain infrastructure and services
- largest premiums for projects in blockchain analytics, DID, tech development, L1s
- largest premiums for pre-seed rounds, largest discounts for Seed and Round A

- 54% SAFT and 46% equity deals
- 76% (Pre-)Seed, 24% Rounds A-D
- 4 industries dominate the Web3 secondary market with 62% of offers: blockchain services and infrastructure, DeFi, tech development

- Average deal maturity grew to 2 months on Buy Asks and 3.5 months on Sell offers until expiration or transaction
- Longest maturity among earlier vs later rounds: 5.7 months for Pre-Seed; 3+ months for Seed & Round A vs 1 m for Round D

- 18% of deals circulate without public exposure, with a lower valuation ($5.1B FDV vs $6.6B FDV on public offers)
- Most private deals came for SAFT at (Pre-)Seed stage deals for DEXes, L1s, EVM, DID

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Selling:

Asset: KEX
Total size: 5m+ unlocked tokens
Pricing: Discount from spot

Any questions: DM @otcnick

Selling:

Asset: Epic Games
Total size: $5m
Minimum size: $1m — Discount for larger tickets.
Notes: 0/0 SPV

Any questions: DM @otcnick

Selling:

Asset: Brave (equity)
Total size: $500k
Pricing: Premium to last round valuation

Any questions: DM @otcnick

Buying:

Asset: Babylon
Total size: $5m+
Pricing: Negotiable

Any questions: DM @otcnick

Selling:

Asset: Eigenlayer Points
Total size: 7m+ points
Pricing: Negotiable

Any questions: DM @otcnick

Selling:

Asset: PAAL AI (PAAL)
Total size : $2m
Pricing: 40% discount to spot
Notes: 50% locked for 28 days, 50% locked for 56 days

Any questions: DM @otcnick

Selling:

Asset: Fireblocks
Size: $7m+
Pricing: $3.5b
Note: Pref shares

Any questions: DM @otcnick

Selling:

Asset: Entangle.fi
Total size: $500k +
Pricing: Discount from spot
Notes: Locked tokens

Any questions: DM @otcnick

Selling:

Asset: SUI (Mysten Labs)
Total size: $1m+
Pricing: Discount to spot
Notes: First unlock

Any questions: DM @otcnick

Buying:

Asset: Hyperliquid Points
Total size: $2m+
Pricing: Negotiable

Any questions: DM @otcnick

Selling:

Asset: Lambda Labs
Total size: $1m + (direct to cap table)
Pricing: Negotiable
Notes: https://lambdalabs.com/

Any questions: DM @otcnick

Selling:

Asset: Rivalz Network (RIZ)
Special Notes: Node sale
Pricing: $1,041 per node
Total size: $2m+
https://rivalz.ai/

Any questions: DM @otcnick

Selling:

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

Any questions: DM @otcnick

Selling:

Asset: Hivemapper (HONEY)
Tranche size: $500k+
Pricing: Discount to spot

Any questions: DM @otcnick

Selling:

Asset: ALEO (tokens)
Total size: $3m+
Pricing: $2.5b


Any questions: DM @otcnick

Buying:

Asset: SUI (Mysten Labs)
Size: $1m+
Pricing: Negotiable
Notes: First unlock or vesting tokens

Any questions: DM @otcnick

Upcoming AI focused event for VC's and other capital allocators:

VC & PE allocation will continue to get more competitive as more AI enabled tooling, agent automation and data ingestion & analysis becomes more commonly available.

Maintain an edge, or see the deal flow pipeline dry up as founders expectations of investors will increase as these tools proliferate; in some cases reducing the value of traditional VC's without these optimizations embedded in their operations.

https://v5summit.com taking place in SF on May 22 + 23, 2024 will keep you ahead of the technology curve.

Use the following discount code:
SECONDLANE30

Selling:

Asset: Solana (locked tokens)
Size: $1m+
Pricing: Discount to spot

Any questions: DM @otcnick

Buying:

Asset: Celestia (TIA)
Size: $1m+
Pricing: Discount to spot

Any questions: DM @otcnick