At the beginning of this month, an unknown clothing collector borrowed $1.1 million for a period of just 60 days, at an astonishing interest rate of 40%. Why it matters: At least some of us still seem to be living in a YOLO world where risk-taking can be an end in and of itself. How it works: The collector owns 253 T-shirts emblazoned with the Supreme logo, collectively known as the "box logo collection." • He handed over the collection to a company called 4K and received an NFT in return. • If he doesn't repay a total of $1,172,328.77 at the end of next month, he will lose his ownership of that NFT. The new owner ... (full story)