Luxury Watch Used as Collateral for DeFi Loan Facilitated by NFT

07/11 08:45

A collector of nonfungible tokens (NFTs) shared a story about how a luxury watch was used as collateral for a decentralized finance (DeFi) loan, facilitated by an NFT representing the watch. The borrower sent the watch to an escrow firm, which sent back an NFT representing ownership of the watch.
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