Baxus, an alcohol beverage trading platform that authenticates ownership and transactions with blockchain, announced it has raised $5 million in a seed round led by Multicoin Capital. Solana Ventures, FJ Labs and Narwhal Ventures also participated, the firm said.

"Our goal to modernize the collectible spirits market by bringing it online and constructing a liquid marketplace that seamlessly connects buyers and sellers is embodied by our investors who come from the worlds of web3, traditional finance, and whiskey," Baxus said in a post to X.

Consumers who purchase booze on Baxus — the focus appears to be mainly high-end whiskey — receive an NFT minted on Solana that proves ownership. Buyers can trade the NFTs on any marketplace that supports Solana, according to the company's website. …