Irene Zhao is an Instagram model who has amassed over 7 million followers and is making millions with assets in the form of digital collectables. The market for NFTs will only continue to grow as more people become aware of their potential.

Irene Zhao is an Asian Instagram model who has made millions of dollars with her NFT art. She has been making these pieces for a while now and there are many people interested in buying them.

Irene Zhao - Asian Instagram Model Making Millions With NFTs

Irene Zhao is an Instagram model from Singapore who just made a fortune in the non-fungible token (NFT) industry. Her entry into the blockchain industry has been nothing short of spectacular. Her net worth in 2022 is unclear, despite the fact that her IreneDAO collection made her millions. However, since she has only just made a breakthrough, her worth is only now beginning to grow.

Background

Zhao was born in the Chinese province of Jiangxi. She moved to Singapore from her native country as a teenager in 2008. She earned a bachelor’s degree in communication and media from the National University of Singapore.

She got her first job as a commodities trader at globalORE. However, she opted to develop an Instagram account in college, which she later utilized as a platform to become an influencer. She got the opportunity to work with well-known Asian companies such as Acmé De La Vie and Zalora.

She is now on the verge of attaining 430,000 Instagram followers. Irene, on the other hand, believed she was making enough money. As a result, she moved into the cryptocurrency field, originally working at KONOMI NETWORK, a crypto asset management firm.

NFT Collection is a non-profit organization that collects

It began as a Telegram sticker pack, and a fan of Zhao under the alias “libevm” proposed that they be made into an NFT Collection is a non-profit organization that collects. Ghozali, a fellow Indonesian online personality who made $1 million from 1,000 photos minted as NFTs, inspired this idea.

And that they did. With libevm and business associate Benjamin Tang, she created the IreneDAO NFT Collection is a non-profit organization that collects and made it available on OpenSea in January 2022. Buying at least one of her 1,106 stickers also entitles you to join IreneDAO’s Genesis Tribe.

Irene compared her effort to a decentralized form of membership subscriptions, such as those offered by OnlyFans and Patreon. SIMP stands for “Simplicity, Integrity, Meaning, and Purpose.” It attracted big names like Galaxy Digital CEO Mike Novogratz and Logan Paul.

Earnings

500 of her NFTs were sold out in around 40 minutes after they were released. It had a trading volume of roughly $5.5 million in less than two weeks. The floor price of ETH is anticipated to be $4,668.

She said that when the story of her NFTs became viral, her genuine profits were closer to $300,000. The remaining funds were donated to the IreneDAO community.

Funds earned from the initiative will be given to the IreneDAO network, which will be used to explore the best methods to incorporate Web3 into their future plans, according to Zhao.

IreneDAO NFTWeb3 strategies

As it turns out, the concept around her NFT Collection is a non-profit organization that collects is an experiment of something bigger to come. Irene had no intention of keeping any of the money she made from her collection.

She had just intended for this publication to act as a proof of concept or a new method for compensating authors. Zhao has been working tirelessly on her own decentralized social media network, So-Col, or Social Collectibles.

Instead of going via a middleman like YouTube or Instagram in the current Web 2.0, content producers like Zhao will be able to earn income directly from their audience with the shift to Web 3.0.

Frequently Asked Questions

How much did Irene Zhao make?

A: Irene Zhao made $1,000 in her first week as a YouTube content creator.

How do I get NFT Cryptocurrency?

A: NFT stands for Non-fungible Token and is a cryptocurrency that can be traded on exchanges. To get your own, youll need to purchase it using another cryptocurrency called Ether or Bitcoin.

Where can I sell NFT Crypto?

A: NFT tokens cannot be sold.

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