NFTs and DeFi Overturn Bankers’ Curse of Generational Poverty in 2 Years

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

gentleman, aka MsCryptoMom, left her decade-long job as a banker to pursue a full-time career in crypto, as her initial investment from early 2020 confirmed that “crypto offers unprecedented opportunities.” She currently runs Gentry Media Productions, a company advising decentralized finance (DeFi) and non-fungible token (NFT) projects – generating up to 20 ETH (Ethereum) per month, nearly $50,000 at the time of writing.

In an interview with Cointelegraph, Gentry recalled the moment when she first bought cryptocurrency:

“It was during the lockdown in early 2020. I bought Bitcoin, Ethereum and Link on Coinbase. When I started, I almost gave up many times. I just wanted to help others get into cryptocurrencies in a more simplified way field.”

Through this early investment, Gentry also took the time to learn DeFi, which eventually led her to invest in altcoins.Acknowledging the huge learning curve of getting into cryptocurrency, entrepreneur offers educational content through her website,Add to:

“I will also be running workshops to educate the public on how to navigate the space and what to look out for when looking for a good NFT project or DeFi token, and how to quickly detect scams or rug pulls.”

Gentry’s youngest daughter and business partner Imani told Cointelegraph that interest in cryptocurrencies is on the rise in her circle of friends. she says:

“An interesting trend for me is that people follow trends — everyone makes their own projects and 10k collections because they see the results.”

To the surprise of many, Gentry had no Plan B, 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 daughter encouraged me to pursue my dreams wholeheartedly, and I’m glad I did,” she added.

“I don’t want to leave anyone behind.” In giving back to the community, Gentry intends to help accelerate the eradication of the generational curse of global poverty. This year, she plans to visit her native Kenya and “give her knowledge about the opportunities this new asset class and blockchain technology offers” for her nonprofit, Educate a Child.

For those who want to emulate, Gentry recommends researching the field before entering. According to her, one must understand the downsides of cryptocurrencies to avoid getting scammed, which is one of the most relevant questions for new investors:

“The opportunity to gain financial freedom when investing in cryptocurrencies is well worth watching some educational crypto YouTube videos or reading books on the subject.”

Imani, 19, believes that cryptocurrencies will be the reality of the future. For the younger generation, she concluded:

“Take the time to learn and participate in the field, and even teach your parents, siblings and others, because blockchain technology and cryptocurrencies are disruptive technologies that require a major paradigm shift in our current thinking about centralized finance and fiat currencies .”

related: A 22-year-old Indonesian made $1 million by selling NFT selfies on OpenSea

Indonesian university student Sultan Gustaf Al Ghozali reportedly made $1 million by selling his NFT version of 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 then reached a total transaction volume of 317 ETH, which equates to over $1 million.