Earning a 150% Annualized Return From a Picture of a Cartoon Bear

This Is What the Future of Investing Looks Like…

Fifteen bucks every three days.

Not a lot of money in the grand scheme of life. Basically, the cost of a daily, designer coffee.

Nevertheless, I’m quite pleased with my daily sawbuck. Not because of its amount, but because of its existence.

The consistent arrival of this relatively small sum every three days is ongoing proof that, despite the negativity and ambivalence still swirling around the cryptoconomy, crypto quietly and continuously pushes us into the future of finance.

The money in question comes from a crypto-based online casino operation called Solcasino—one of the biggest gaming sites on the Solana blockchain. (The blockchain is the digital highway on which all cryptocurrencies operate.)

You can wager on everything from traditional casino games such as blackjack, slots, roulette, craps, and others, to sports betting across a global range of leagues. (Anyone care to bet on whether KF Shkëndija beats FK Bregalnica Štip in the North Macedonian soccer league?)

Some of the profits Solcasino earns flow directly to those of us who own a Solcasino NFT, or non-fungible token—a one-off, one-of-a-kind crypto that looks like a piece of digital art.

This is the Solcasino NFT I own:

What a cartoon bear has to do with casino gaming, no idea…

Nevertheless, just 5,000 of these NFTs exist, and each one earns a crypto distribution every three days from the profits the business generates—$5 per day at current exchange rates.

Which is really the point here, more so than the $5 per day.

While that NFT looks like nothing more than a bear you might see in an old Hanna-Barbera cartoon series, the fact is that it represents something that resembles partial ownership of company, like owning a stock on Wall Street.

Now, that analogy isn’t pure.

I don’t own any part of Solcasino, and I have no voice inside the company as I do through my voting rights with the stocks I own in my brokerage account. I just own a claim on my share of the distributions that Solcasino sends to its NFT holders.

But frankly, that’s all I really care about anyway. I don’t tend to be an active voter with the stocks I own, rightly or wrongly.

As with Wall Street, “dividend” consistency has its benefits.

Solcasino’s NFTs launched this past spring (though the casino itself has been operational for a while). They were priced at 12 Solana, one of the world’s leading cryptocurrencies. In dollar terms, that was somewhere in the $275 range.

And then, to everyone’s great surprise, the Solcasino team refunded everyone their 12 SOL cost. So effectively, the NFTs were free for those who had originally bought them.

Today, a Solcasino NFT trades for about 60 SOL, or $1,200, on the secondary market. That price rise reflects the market’s belief in the casino project and, more importantly, a belief that the income stream is sustainable because it’s entirely tied to a successful gaming operation.

Assuming the roughly $5 per day in distributions remains generally constant, that’s about $1,800 per year on a $1,200 investment—an annualized yield topping 150%.

From a cartoon picture of a bear.

Now, I am not saying that $5 payout will remain constant. It might drop to $3. Maybe it rises to $8. That’s because the price of the underlying crypto in which the dividends is paid is constantly changing relative to the dollar.

So, I can’t even begin to guess at what the distributions might average going forward. But I do have some degree of faith that Solcasino will stick around for a long time because the casino is quite popular and has a global reach.

Which means my dividends should continue to trickle in, too.

I’m not suggesting you rush out and grab a Solcasino NFT. This is crypto, after all, and neither NFTs nor the Solana cryptocurrency are the most stable places to invest. These assets whipsaw all over the place, and typically quite quickly. Sometimes violently—at least in financial terms.

Nevertheless, that cartoon bear represents the future of what investing will look like.

Those who gain a familiarity with this world now, before it’s ubiquitous, are the investors who are going to pocket the greatest wealth as this tide rolls over society and the economy.