Web3 Wine Marketplace Baxus Raises $5 Million in Funding Round Led by Multicoin Capital

Web3 wine marketplace Baxus has successfully raised $5 million in a funding round, according to Foresight News. The round was led by Multicoin Capital with participation from Solana Ventures, Narwhal Ventures, FJ Labs and a group of angel investors.

Baxus aims to solve the problem of market inefficiency by connecting buyers and sellers by integrating the marketplace into a single application. The Web3 marketplace is built on Solana and allows transactions to be made using credit cards, ACH, direct bank transfers, or cryptocurrencies including USDC. A test version was released last summer and has facilitated $8 million in transactions to date.#ACHUSDT #ach $ACH ytd