New York City, NY – In a world where the appreciation for fine spirits and vintage wines has reached new heights, BAXUS emerges as a groundbreaking platform offering enthusiasts the opportunity to curate, trade and sell their collections like never before to protect. But what sets BAXUS apart from the traditional wine and spirits market? The answer lies in the innovative use of blockchain technology.
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BAXUS is not just a marketplace; it’s a game changer. This platform is redefining 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 veteran whiskey investor and trader, BAXUS was born from a passion for both spirits and technology. While studying computer science and database building at Columbia University, Todd recognized the potential of a secondary market that would connect wine and spirits enthusiasts around the world.
Today, BAXUS boasts an impressive collection of some of the rarest bottles in the world, including Pre-Prohibition bourbons, the coveted Yamazaki 55 and complete sets of Lenell’s Red Hook Rye. But what really sets BAXUS apart is its commitment to transparency, authenticity and security.
Blockchain-powered title deed and more
BAXUS uses blockchain technology to provide users with proof of ownership, authentication and a secure storage solution. Every transaction on the platform is backed by the security and transparency of the blockchain, ensuring complete peace of mind.
“BAXUS solves the problems that have plagued the wine and spirits market for years: opaque pricing conditions, irregular 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 enables institutions and individuals to transact digitally worldwide,” Todd explains.
The growing demand for rare spirits
The post-pandemic era has witnessed explosive growth in the wine and spirits industry, especially in the US and the UK. Auction house Sotheby’s Concierge Auctions reported that wine and spirits auction sales reached a remarkable $150 million in 2022. Spirits sales reached a new high of $29 million. , a significant increase from 2021’s $22 million and a staggering jump from just $4 million in 2017.
This increase in demand extends to rare whiskies, driven by both collectors and investors seeking limited edition and vintage bottles. BAXUS is perfectly positioned to respond to this growing market.
BAXUS co-founder and CTO Carrie Kellar brings a wealth of experience from her time on 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 use blockchain for its original purpose: ensuring full transparency, authentication, ownership and provenance.”
BAXUS provides users with 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: a paradise for enthusiasts
BAXUS has big plans for the future. The platform plans to create an experiential event space where partner brands can host exclusive tastings for VIP members. In addition, BAXUS plans to introduce new features and access points for all members, including lending services.
In a world where appreciating rare spirits and vintage wines is an art form, BAXUS is the canvas on which enthusiasts can build their collections, safe in the knowledge that every bottle is protected by blockchain technology.
Sign up for the BAXUS newsletter on their website www.baxus.co to stay informed about the availability of new bottles. You can also follow BAXUS on X for product release and update announcements.