Reza Chowdhury’s Post

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Entrepreneur, CEO/Founder of AlleyWatch, Technologist, and Advocate for Entrepreneurship

Wine and spirits collectibles represent one of the fastest-growing asset classes with a renewed interest emerging out of the pandemic. The industry is expected to nearly double in size to $450B by 2032.  Traditionally, the collectible market in this segment has been disparate, localized, and auction-based with potential participants dissuaded by the effort needed, making it inaccessible to most.  BAXUS is a blockchain-based marketplace for the wine and spirits market to connect buyers and sellers in this burgeoning market.  The platform is Solana-based and tokenizes each bottle, adding provenance and introducing transparent fungibility to a highly differentiated market.  Platform transactions are processed using fiat  (credit cards, ACH, direct wire) or via crypto and stablecoins.  It’s free to add spirits into a vault that is fully insured and there is a nominal $20 fee for the tokenization.  BAXUS takes a 10% transaction fee on completed sales. AlleyWatch caught up with BAXUS Cofounder and CEO Tzvi Wiesel to learn more about the business, the company's strategic plans, latest round of funding, and much, much more...

BAXUS Raises $5M For its Marketplace for Spirits Built on the Blockchain

BAXUS Raises $5M For its Marketplace for Spirits Built on the Blockchain

https://www.alleywatch.com

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