NFTs and DeFi overturn a banker‘s generational curse of poverty in 2 years

NFTs and DeFi overturn a banker‘s generational curse of poverty in 2 years

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

Gentry, or MsCryptoMom, left her decade-long job as a banker to pursue a full-time crypto career as her initial investments from early 2020 confirmed the “unprecedented opportunities offered by crypto.” She currently runs Gentry Media Productions, a firm that advises decentralized finance (DeFi) and nonfungible token (NFT) projects — generating up to 20 Ether (ETH) each month, nearly $50,000 at the time of writing.

Our top trading bots

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

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

With this early investment, Gentry also dedicated her time to learning about DeFi, which eventually led her to invest in altcoins. Acknowledging the big learning curve into crypto, the entrepreneur provides educational content through her website, adding:

“I’m also hosting seminars to educate the general public about navigating in this space and things to look out for when searching for good NFT projects or DeFi tokens, and also how to quickly detect scams or rug pulls.”

Gentry’s younger daughter and business partner Imani told Cointelegraph about the rising interest in crypto within her friend circle. She said:

“A trend that was interesting for me to watch was people following trends — everyone making their own projects and 10k collections because they saw the outcome.”

What may come as a surprise to many, Gentry did not have a Plan B, but only the moral support of her family before committing to restart her career as the new owner of Bundlesbets, a DeFi platform dedicated to sports betting. “My husband and daughters encouraged me to pursue my dreams full time and I’m happy I did,” she added.

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

For people wanting to follow suit, Gentry advises researching this space first before jumping in. According to her, one must understand the bad side of crypto to avoid getting scammed, a concern most relevant for new investors:

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

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

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

Related: An Indonesian 22-year-old makes $1M by selling NFT selfies on OpenSea

Sultan Gustaf Al Ghozali, an Indonesian college student, reportedly made one 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 roughly $3,000. Ghozali’s collection subsequently reached a total trade volume of 317 ETH, equivalent to more than $1 million.

Keep reading on Cointelegraph
BTC price almost clears $43.5K with Terra $125M Bitcoin buy-ins gathering pace
Bitcoin (BTC) returned to $43,000 on March 24 as new purchases by Blockchain protocol Terra fuelled optimism.BTC/USD 1-hour candle chart (Bitstamp). Source:...
Real estate leads securitized blockchain assets in 2022 — Report
Real estate is an asset class that is ripe for integration with blockchain technology. Security tokens cover many categories but are dominated by real estate....
Blockchain-based internet company 3air abandons Cardano for SKALE network
Africa-focused blockchain internet company 3air has officially abandoned the Cardano blockchain in favor of SKALE, a network powered by Ethereum, after...
Price analysis 1/3: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE
Bitcoin’s (BTC) price action has been uneventful in the first few days of the new year and it continues to languish below the psychological level at $50,000....
Altcoin Roundup: 3 blockchain protocols taking the supply chain crisis head-on
The world of blockchain technology has undergone a significant transformation over the past decade as the concept evolved from offering a simple means of...
Should Zuck lead us to the Metaverse? Crypto leaders weigh in
Crypto leaders are divided over whether Mark Zuckerberg should lead Facebook into the Metaverse, with Hodl Asset’s Jenny Ta saying he needs to resign if...
Dogecoin going to help real dogs — Chicago animal shelter now accepts crypto
PAWS Chicago, an animal rescue organization in the midwest city aiming to have shelters stop using euthanasia for its resident cats and dogs, is now accepting...
Galaxy Digital partners with Bloomberg for DeFi index
Financial news site Bloomberg and Galaxy Digital Management have expanded their crypto offering to track the performance of the decentralized finance space.In...
Cardano Climbs 15% In a Green Day
Investing.com - Cardano was trading at $1.851313 by 16:57 (20:57 GMT) on the Investing.com Index on Wednesday, up 15.25% on the day. It was the largest...
Large hodlers accumulate Bitcoin below $50K as BTC transactions over $1M soar
Institutions have not left the Bitcoin (BTC) market even in the face of a 50%-plus bearish correction earlier this year, shows data provided by Glassnode.The...
Biden to discuss crypto’s role in ransomware attacks at G-7, says national security adviser
United States President Joe Biden will speak directly about cryptocurrency and its role in the attack on the Colonial Pipeline and other ransomware breaches,...
Voyager Digital sees 16X increase in quarterly revenue, first operating profit
Crypto asset trading firm Voyager Digital has announced financial results for the first quarter of 2021, and they are impressive.The retail crypto trading...
Alchemy raises $80M to power the NFT boom as the 'AWS of blockchain'
Blockchain developer Alchemy has announced that it has raised $80 million in a Series B round to further develop platforms that power non-fungible token...
Morgan Stanley Report Implies Bitcoin’s New Institutional Asset Class
A novel report from Morgan Stanley, the American multinational investment bank, states that bitcoin attracts more and more institutional investors. At the...
10th BTC Birthday: All You Need to Know About Bitcoin
This year Halloween marked a decade since one of the most conspiracy currencies (if it is one) emerged. On October 31, 2008, right when the world was suffocating...