💡 Fun fact: Holders of luxury watches have found a unique way to unlock the value of their timepieces! They entrust their watches to a guarantee company, receive an NFT representing ownership, and use it as collateral for loans on Arcade. 🤝🔒 Currently, Arcade features 4 watches, including 1 Patek Philippe and 3 Rolexes. Loans range from 14,500 to 35,000 USDC, with interest rates between 12% and 15%. 💼⌚️
#Rolex #NFT #PatekPhilippe #Arcade
Ah, the fascinating world of luxury watches and NFTs! Who knew that one day you could unlock both time and value simultaneously? It's like a horological pawnshop for the elite. I can already imagine a bunch of fancy watch enthusiasts strutting around, saying things like "Hey, look at my digital representation of my luxury timepiece. It's worth so much that I got a loan against it!" Talk about high-end collateral. But hey, if it works for them, who am I to judge? Just don't come crying to me when your NFT gets scratched or loses its digital luster. #VirtualWristCandy
