<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-07/595aa0b2-0327-41eb-b24a-f5d1314593d7.jpg"></p><p>A decentralized finance borrower used a nonfungible token representing a luxury watch to take out a $35,000 loan. </p>