New DeFi projects don’t usually generate much of a stir in the world of cryptocurrency. Crypto is all about decentralized services, and thousands are out there. So, it’s nice to see a DeFi project come along that is doing something truly different and turning heads because of it.
The project in question is HedgeUp (HDUP). Some holders and pundits have already read the lay of the land and gotten on board. But every crypto enthusiast should know about the blockchain taking DeFi in a new direction.
The NFT marketplace
You’re right; there’s nothing new about NFT marketplaces. You’d be hard-pressed in crypto to throw a bored ape without hitting one. HedgeUp (HDUP) is taking the utility of NFTs and doing something really impressive, though.
The HedgeUp (HDUP) team is tokenizing alternative assets in order to make them available to a wider audience. How wide?
Through the HedgeUp (HDUP) marketplace, users will be able to diversify into alternative assets for as little as $1.
So, what exactly are these alternative assets?
Most people are familiar with traditional asset classes such as stocks and bonds. Alternative assets are the ‘miscellaneous’ category of the investing world. They are everything outside those traditional assets and are worth a combined $17 trillion.
HedgeUp (HDUP) concentrates on physical assets with a high potential for ROI. These are objects such as artwork, jewellery, and exotic spirits. For years, the rich have been able to infuse in these, but small-time users haven’t.
Now, everyone can access these potentially lucrative acquisitions through the HedgeUp (HDUP) blockchain.
How does it work?
HedgeUp (HDUP) will work with third parties to purchase valuable commodities which will be insured and safely stored. The HedgeUp team will then make NFTs for those items. Each asset will have several NFTs, each representing a fractional share.
When someone purchases an NFT, they will own a piece of the asset behind it. This will allow users to diversify their portfolios in a way that is unavailable anywhere else in crypto. Alternatively, holders who see the potential of this project might want to go all in on the opportunities it presents.
Either way, HedgeUp’s (HDUP) NFT marketplace offers something that is unavailable anywhere else in Web3.
What else does HedgeUp offer?
While significant in its own right, the NFT marketplace is just one aspect of HedgeUp’s ecosystem. After launch, HedgeUp (HDUP) will be putting the other pieces in place, and it’s all powered by the HDUP token.
There will be a DAO with HDUP acting as the governance token. There will also be a metaverse and investing masterclasses. Once again, the HedgeUp (HDUP) token will unlock these features giving the best access to people who hold the most tokens.
Users should take notice since the presale is almost halfway completed. HedgeUp (HDUP) originally went for $0.009 in stage one. Now, the presale is in stage four, with HDUP selling for $0.036. Soon, stage five will take the price up to $0.044, so now is the time to take advantage of the lower price.
For more information about HedgeUp (HDUP) presale use the links down below:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.