TechFlow news, according to Fortune, Web3 wine marketplace Baxus has announced a $5 million strategic funding round led by Multicoin Capital, with participation from Solana Ventures, Narwhal Ventures, FJ Labs, and a group of angel investors.
BAXUS aims to address market inefficiencies by integrating the market into a single application to connect buyers and sellers. The company says leveraging open Web3 payment infrastructure reduces costs and enhances transparency. Its Web3 marketplace is built on the Solana blockchain, allowing buyers to transact via credit card, ACH, wire transfer, or cryptocurrencies including USDC. The platform launched its beta version last summer and has facilitated $8 million in transactions to date.
Add to Favorites
Share to Social Media
