Baxus, a Web3 wine marketplace, secures $5m investment from Multicoin Capital and Solana Ventures

The funding for the project includes participation from Solana Ventures, Alex Kehaya and Austin Federa from Solana Foundation, and Frank Chapparo from The Block. When the token is redeemed for the physical bottle or barrel of whiskey, the corresponding NFT becomes invalid and the product is removed from the trading platform, as stated by Baxus. The company guarantees that all assets are safely stored in its temperature and humidity-controlled vaults located across the U.S.

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