SecondLane OTC - Announcements

Buying: Asset: Open AI Tranche: $10m+ Pricing: Negotiable Any questions: @DM @otcnick

Selling: Asset: Notion Labs Tranche: $1m + Pricing: 20% discount to previous round Any questions: DM @otcnick

Selling: Asset: Arbitrum (locked tokens) Tranche: $1m+ Pricing: Discount from spot Any questions: DM @otcnick

Sharing our September 2023. Growth is accelerating. Platform V2 coming soon™ Key takeaways on theWeb3 secondary market in September by SecondLane - 2.6x growth in amount of offers since August - $315M in Asks and Bids - $3M avg Buy Ask vs $3.1M avg Sell Offer ($1.5M median) - 19% median spread on FDV of Buy/Sell IOIs of the same projects - almost 60% drop from Aug - 2x median spread on minimum amount of Buy/Sell IOIs of the same projects - top projects: Celestia, Starkware, Scroll, dYdX, Arbitrum, Optimism, Sei, Aleo, Circle, Consensys - 34% SAFT and 66% equity deals - 1/3 shift from SAFTs to equity since August - 29% (Pre-)Seed, 71% Rounds A-D - 20% shift from earlier to later stages - 66% of offers on L1, L2, DeFi, and blockchain services Subscribe for insights: Twitter Questions: DM @otcnick

Buying: Asset: Farcaster Tranche: $750k+ Valuation: Negotiable Any questions: DM @otcnick

Buying: Asset: Monad Tranche: $500k Valuation: Negotiable DM @otcnick

Sharing our August 2023 secondary market report, with the September 2023 report due next week: Key takeaways on Web3 secondary market in Aug 2023 by SecondLane - 26% growth in amount of offers vs July - $217M in Asks and Bids - $2.1m avg Buy Ask vs $2.6M avg Sell Offer ($1M median) - 27% median spread on FDV of Buy/Sell IOIs of the same projects - spreads narrowed down in August - same 2x median spread on minimum amount of Buy/Sell IOIs of the same projects - top projects: Celestia, Starkware, Scroll, EigenLayer, GMX, Berachain, Fuel, LayerZero, Dune Analytics, Blockdaemon - 67% SAFT and 33% equity deals - 74% (Pre-)Seed, 26% Rounds A-D - 59% of offers on L1, L2, DeFi, and blockchain services Subscribe for insights: Twitter

Buying: Asset: Altlayer Tranche: $1.3m Pricing: Negotiable Questions: DM @otcnick

Selling: Asset: SEI (locked tokens) Tranche: $3m+ Pricing: Large discount to spot Any questions: DM @otcnick

Selling: Asset: Kraken Tranche: $1m+ Pricing: $16 PPS Any questions: DM @otcnick

Selling: Asset: Aleo Tranche: $5m+ Pricing: Negotiable Any questions: DM @otcnick

Selling: Asset: Celestia Tranche: $1.5m Pricing $2.6b Any questions: DM @otcnick