Brittany Pierre, 36, made $109,000 last year selling non-fungible tokens (NFTs) as she was struggling to pay rent on her Chicago apartment, CNBC Make It has learned.
In an interview with the publication, Pierre shared that she was struggling living paycheck to paycheck and "got pretty depressed."
Pierre says she learned about NFTs when one of her friends sold an NFT of her work for over $17,600. This sale inspired Pierre to try NFTs on her own. In April, she sold artworks for a few hundred dollars each, she recalls.
It was really hard to do $50 photoshoots, trying to peddle $30 prints. I'd have bookings here and there, but it wasn't sustainable. That first couple of $200, $300 [NFT] sales was a lot for me. That's exactly what I needed to pay rent.
Pierre notes that NFTs helped her to live "completely abundantly" as she had never had a job over $15 an hour.
She added that, in her opinion, the market lacks Black people because when you type "beautiful person" on Google, one normally sees a white person:
So I wanted to put Black people on the blockchain so we can solidify that. I want to highlight the Black experience.
She believes the crypto market can build generational wealth since it gives the opportunity to invest and earn money, especially for the Black community, without third parties like banks.
Similarly, as To The Moon previously reported, Iris Nevins, a 29-year-old software engineer, also made $140,000 from its NFT studio called Umba Daima, which promotes Black artists and educates people about Web3.
Launched in February 2021, the studio helps artists to make money in the NFT space and helps build online communities for marketplaces.