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Inflation is a shadow that stalks all modern economies. Some countries may have it worse than others, but everyone tries to escape it.
To that end, alternative assets are considered one of the best ways to combat inflation. This is what inspired a member of the LGBTQ community to launch HedgeUp (HDUP). The platform is an NFT marketplace that lets people invest in alternative assets.
A period of worldwide inflation
Key economic indicators show that there has been a surge in inflation since mid-2021. All around the world, the pricing of essential commodities, like energy, food, housing, etc., has steadily increased, leading to a decrease in the purchasing power of money.
According to analysts, this is a result of various factors. The biggest of these is the pandemic, which caused a lot of economic dislocation and forced central banks to change their fiscal and monetary policies.
Another cause is the Russian invasion of Ukraine. The invasion has had a global effect on the prices of oil, natural gas, food, and fertilizers.
Combined, these factors have led to record-high inflation rates in the past two years. For instance, in June 2022, inflation in the United States reached 9.1%, the highest level recorded since 1981. Countries with weaker economies exacerbated by poor governance and policies have had it worse.
While central banks look for policies to slow down the inflation rate, innovative projects in the private sector are developing solutions to help individuals combat inflation on their own. One such project is HedgeUp (HDUP).
HedgeUp (HDUP) is an investment platform, according to the founder, the project aims to empower regular people against inflation by providing them with investment opportunities in the alternative assets market.
Alternative assets as a hedge against inflation
Alternative assets like gold, diamonds, jewelry, and even wines have been used by people throughout history as a long-term way to store wealth. This is because they tend to hold their value for longer. Therefore, they are not as subject to inflation as fiat.
This makes them the ideal investment in a world ravaged by high inflation rates. Recognizing this, HedgeUp (HDUP)’s founder decided to build a platform that makes investing in alternative assets easier.
HedgeUp (HDUP) will work as a marketplace for alternative assets like jewelry, gold, watches, artwork, and more. However, people won’t be buying and selling the assets directly. Instead, they will be trading NFTs backed by these products.
HedgeUp (HDUP) will tokenize alternative assets into nonfungible tokens. The assets will be kept in a secure and insured vault managed by the project’s team while the NFTs representing them will be made available to investors.
According to HedgeUp (HDUP)’s founder, doing this brings a level of convenience that opens up the market to people from all over the world. Somebody in South Africa can invest in artwork made by an artist in Canada without ever coming into physical contact with the art or artist. All they have to do is buy the corresponding NFT.
HedgeUp (HDUP) is still in development, though. To fund it, the project is running a presale of the platform’s internal currency HDUP.
HedgeUp (HDUP) will be used as the primary medium of exchange on the trading platform. Holders will also enjoy certain benefits, like exclusive discounts and first access to new products and services. It’s available to buy through the presale at $0.013 per token.
Find out more about the HedgeUp (HDUP) presale via the links below:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
