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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, a.k.a. 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. Speaking to Cointelegraph, Gentry recollected the moment she first bought 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:Gentry’s younger daughter and business partner Imani told Cointelegraph about the rising interest in crypto within her friend circle. She said: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:The 19-year-old Imani believes that crypto will be the future reality. Addressing the younger generation, she concluded:Related: An Indonesian 22-year-old makes $1M by selling NFT selfies on OpenSeaSultan Gustaf Al Ghozali, an Indonesian college student, reportedly made a million dollars by selling NFT versions of his selfies on the OpenSea NFT marketplace.Uploading my photo into nft lolhttps://t.co/E3Q4sBmN26#NFT #opensea pic.twitter.com/rD51rdcpzpAs 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.

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