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BAXUS: Revolutionizing the Trade and Preservation of Rare Wine and Spirits

source-logo  blockster.com 25 October 2023 15:41, UTC

New York City, NY - In a world where the appreciation of fine spirits and vintage wines has reached new heights, BAXUS emerges as a pioneering platform, offering enthusiasts the opportunity to curate, trade, and safeguard their collections like never before. But what sets BAXUS apart from the traditional wine and spirits market? The answer lies in its innovative use of blockchain technology.

BAXUS is not just another marketplace; it's a game-changer. This platform redefines the way wine and spirits are traded, authenticated, and valued. With a mission to democratize access to rare, vintage liquids, BAXUS is making waves in the industry.

The brainchild of Todd Wiesel, a seasoned whisky investor and trader, BAXUS was born out of a passion for both spirits and technology. During his time studying computer science and database building at Columbia University, Todd recognized the potential for a secondary marketplace that would connect wine and spirits enthusiasts worldwide.

Today, BAXUS boasts an impressive collection of some of the rarest bottles globally, including Pre-Prohibition bourbons, the coveted Yamazaki 55, and complete sets of Lenell's Red Hook Rye. But what truly sets BAXUS apart is its commitment to transparency, authenticity, and security.

Blockchain-Powered Proof of Ownership and More

BAXUS leverages blockchain technology to offer users proof of ownership, authentication, and a secure storage solution. Every transaction on the platform is underpinned by the security and transparency of the blockchain, ensuring complete peace of mind.
"BAXUS is solving the problems that have plagued the wine and spirits market for years - opaque pricing conditions, infrequent auctions, high fees, and complicated legal frameworks."

Todd Wiesel, Founder and CEO of BAXUS
"Through blockchain technology and a trusted third-party responsible for custody and authentication, BAXUS allows institutions and individuals to digitally transact globally," explains Todd.

The Growing Demand for Rare Spirits

The post-pandemic era has witnessed explosive growth in the wines and spirits industry, particularly in the U.S. and U.K. Auction house Sotheby's Concierge Auctions reported wine and spirits auction sales reaching a remarkable $150 million in 2022. Spirits sales hit a new high of $29 million, a significant increase from $22 million in 2021 and a staggering jump from just $4 million in 2017.

This surge in demand extends to rare whiskies, driven by both collectors and investors seeking limited-edition and aged bottles. BAXUS is perfectly positioned to cater to this growing market.

Co-founder and CTO of BAXUS, Carrie Kellar, brings a wealth of experience from her time at The New York Times' machine learning platform team. She understands the transformative power of technology in the wine and spirits market and explains,
"At BAXUS, we're using blockchain for its original intent: ensuring complete transparency, authentication, ownership, and provenance."

BAXUS offers users access to advanced pricing data tailored to their collections, streamlining the buying and selling process. To further enhance the platform's capabilities, BAXUS plans to expand its technology team, with a focus on machine learning and computer vision.

More Than a Marketplace: An Enthusiast's Paradise

BAXUS has big plans for the future. The platform intends to create an experiential events space where partner brands can host exclusive tastings for VIP members. Additionally, BAXUS plans to introduce new features and access points for all members, including lending services.
In a world where the appreciation of rare spirits and vintage wines is an art form, BAXUS is the canvas upon which enthusiasts can curate their collections, confident in the knowledge that each bottle is safeguarded by blockchain technology.
Sign up for BAXUS' newsletter on their website at www.baxus.co to stay updated on the availability of new bottles. You can also follow BAXUS on X for announcements about product releases and updates.