NFTs And DeFi Overturn The Poverty Curse Of A Generation Of Banks In Two Years

“When I started, I almost gave up many times. I just want to help others have a more affordable way to get into crypto,” said Brenda Gentry, a former USAA mortgage underwriter.

NFTs and DeFi overturn the poverty curse of a generation of banks in 2 years

Brenda Gentry, a former USAA mortgage guarantor from Texas, believes that the crypto ecosystem offers a fighting chance to overcome the curse of generational poverty.

Gentry, aka MsCryptoMom, has left her decade-long job as a banker to pursue a full-time crypto career as her early investments from early 2020 confirmed “the unprecedented opportunity that cryptocurrency offers.” She currently runs Gentry Media Productions, a consulting firm for decentralized finance (DeFi) and decentralized token (NFT) projects – generating up to 20 ether (ETH) per month, almost 50,000 dollars at the time of writing.

Speaking to Cointelegraph, Gentry recalled the moment she first bought crypto:

“It was early 2020 during the lockdown. I bought Bitcoin, Ethereum and Links on Coinbase. When I started, I almost gave up many times. I just wanted to help others have a more affordable way to get into crypto.”

With this initial investment, Gentry also took her time to learn about DeFi, which eventually led her to invest in altcoins. Acknowledging the large learning curve for crypto, the entrepreneur offers educational content through her website, adding:

“I also host seminars to educate the public on how to navigate this space and what to look out for when looking for good NFT projects or DeFi tokens, as well as how to quickly spot potential ones. scam or carpet pulling.”

Gentry’s young daughter and business partner Imani told Cointelegraph of the growing interest in cryptocurrencies among her friends. She speaks:

“One trend that’s been interesting for me to follow are trend followers – each making their own 10k projects and collections because they’ve seen the results.”

What may come as a surprise to many, Gentry had no Plan B, but only the emotional backing of his family, before committing to restarting his career as the new owner. of Bundlesbets, a DeFi platform dedicated to sports betting. “My husband and daughters have encouraged me to follow my dreams and I am so glad I did,” she added.

“I don’t want anyone to be left behind.” Giving back to the community, Gentry intends to help accelerate the breaking of generational curses of poverty around the world. This year, she plans to visit her hometown of Kenya and equip her nonprofit Educate a Child with “knowledge about this new asset class and the opportunities blockchain technology presents.”

For those who want to follow along, Gentry recommends researching this space before joining. According to her, one must understand the bad side of cryptocurrencies to avoid being scammed, a concern most relevant to new investors:

“When it comes to investing in crypto, the opportunity to achieve financial freedom is well worth the cost to watch a few educational crypto YouTube videos online or read a book on the subject. ”

19-year-old Imani believes that cryptocurrency will be a reality in the future. Addressing the younger generation, she concluded:

“Take the time to learn and get involved in the space, and even teach it to your parents, siblings and others, as blockchain technology and cryptocurrencies are disruptive technologies that will require a major paradigm shift in the way we think about centralized finance and fiat money. ”

Related: A 22-year-old Indonesian man earns $1 million selling NFT selfies on OpenSea

Sultan Gustaf Al Ghozali, an Indonesian university student, is said to have made a million dollars by selling NFT versions of his selfies on the OpenSea NFT marketplace.

As Cointelegraph reported, some of Ghozali’s selfie NFTs sold for 0.9 ETH, worth around $3,000. Ghozali’s collection subsequently reached a total trading volume of 317 ETH, or over $1 million.

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