Does DeFi and NFT Trading Have the Potential to End the Curse of Poverty? Banker Says Yes

2 min read

 “I almost gave up when I first started. Brenda Gentry, an ex-USAA mortgage underwriter, stated that she just wanted to make it easier for others to enter crypto.

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

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Brenda Gentry, an ex-USAA mortgage underwriter, is convinced that cryptocurrency offers a fighting chance of ending the curse of poverty.

Gentry, a.k.a. Gentry, also known as MsCryptoMom.

Gentry, speaking to Cointelegraph about the moment she bought crypto for the first time:

“It was in early 2020 during lockdown. Coinbase allowed me to buy Bitcoin, Ethereum, and Link. I nearly gave up when I first started. I want to make it easier for others to enter crypto.

Gentry made her first investment in crypto. She also spent time learning more about DeFi. This eventually led to her investing in altcoins. The entrepreneur, who is well aware of the steep learning curve in crypto, provides educational content via her website.

“I also host seminars to educate the public about navigation in this space, things to watch out for when searching good NFT tokens or DeFi tokens, as well as how to quickly spot scams and rug pulls.”

Imani, Gentry’s younger daughter, and business partner, spoke to Cointelegraph about crypto’s growing interest among her friends. She stated:

“A trend that was interesting for me to watch was people following trends — every one making their own projects & 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.”

Sultan Gustaf Al Ghozali, an Indonesian college student, reportedly 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 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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