Brick NFT (Just Bricks) – value, stats, and outlook
Love them or hate them, NFTs or crypto art based on blockchain is constantly making a buzz. People are paying for digital ownership of unique digital art pieces, and this market trend continues. NFT covers many industries, such as patenting, Defi, digital identity, the music industry, event organization, and ticketing. However, according to statistics, most projects lose 80 percent of their value during the first days of the launch. But Brick NFT is not one of them.
What is Brick NFT? Actually, it’s a successful crypto art project that succeeded in creating value on the market and profit for the users involved. The story starts in the small town of Assens in Denmark. Further below, we offer you the whole story behind the Brick NFT project. Before that, let’s take a look at some stats.
Bricks NFT – stats and value
The brick collection is created by the digital artist Stanley Jones. So far, he has created more than two thousand NFTs. If you want to look at his collectibles, we suggest finding him on the OpenSea marketplace.
Just Bricks collection has 500 items created in August 2021. It’s built on the Ethereum blockchain.
Here are some tokenomics:
- The total volume of 840 ETH
- Floor price 0.14 ETH
- Best offer 0.03 ETHTotal owners 270
- Unique owners 54%
The last Brick was sold seventeen days ago for the price of 0.150 ETH. Bricks NFT represents an NFT digital art collection stored on the Ethereum blockchain. The most expensive Brick was sold on March 23, 2023, ago, for the price of $490. In the last 30 days, five bricks were sold, according to the NFT stats website.
Brick NFT – how did everything start?
The idea of Bricks NFT was born from an ordinary best friend after high school talks. The three friends got the idea of the project while attending Vestfyns Gymnasium in Assens. One of the Thomas had already bought an NFT – a unique photo – of the singer Selena Gomez and an internet meme. And overnight, it has gone from being worth DKK 5,000 to DKK 10,000.
The three boys liked art. Emil plays the piano, and Ivan has sung in a choir for ten years. At the same time, during high school, they had been preoccupied with coming up with the idea that they could make money. So the three 20-year-old boys decided to throw themselves into Web3.
Emil, who was the most artistically inclined, drew a simple drawing that was made into four NFTs. They put them up for sale on some sort of online marketplace. It was a Poul Pava-like drawing of a simple doodle figure, a bit childish.
Five hours after they put the four NFT drawings online, they were sold – without the boys having done anything about it.
Now they really put themselves into the work. They made many more digital bricks. Emil, Thomas, and Ivan worked insanely hard late into the night. They put all their efforts into artistic development, creative marketing without pocket money, and everything else needed to stand out. And it really started to boil. The bricks were sold for larger and larger sums. Major international influencers in the field started talking about the bricks.
Sixty thousand dollars an influencer had paid for one of the virtual bricks. That’s how much just one of Ivan, Emil, and Thomas’ brick pictures had suddenly become worth. A value that others also profited from to a great extent. And the demand just kept increasing. And that meant that the bricks people had bought became worth more.
Brick NFT price skyrocketing
So, how the Brick NFT reached the value of 24 million kroner.
Every time the bricks were sold, the boys from Vestfyn made money. They went to Mallorca to work. And suddenly, one of the big crypto influencers named Gary Vee tweeted a picture of a brick. And that connected people with the NFTs of the boys from Funen.
Suddenly everything starts to pop completely off. They could see that they had a volume trade of 1.5 million kroner in just one day, which was completely crazy.
In one day, digital bricks worth one and a half million kroner were sold. It went smoothly for Brick NFT, as they called themselves. In September 2021, a brick-and-mortar buyer from the United States wrote to them: “Thank you very much, guys. I just bought a Jeep.” And then he sent a picture of a jeep he bought because he sold a brick at a high enough price that he could buy it,”
“Many thought they were the new Warhol or a great artist who was anonymous, but they were just three boys from Vestfyn who wanted to experiment and try something new.
In November 2021, the value of Brick NFT reached their digital bricks, up to DKK 24 million.
From Just Bricks to Baby Bricks project
Everything went up. The boys were in the middle of society’s money party. However, in February 2022, cryptocurrency prices began to decline – among other things, after rising inflation had begun to push market prices downward. The crypto crash was important to Ivan and the others because they only got paid for their virtual bricks with the cryptocurrency ETHER. So their earnings have now also lost value. But the friends didn’t take it too seriously. Instead of turning it down, the friends decided to turn it up.
So together, they created a new collection of bricks, Baby Bricks. But now they wanted to make it even wilder and more relevant, so they decided to go to Paris and try to display their bricks at the Louvre museum illegally.
How the Louvre adventure helped them in creating the value
The boys took the plane to France. Nervous but determined, they approached the world-famous Louvre art museum, one of the best-secured museums on the planet.
They had a big bag with some frames and some double-sided tape. Their mission was to enter the Louvre first. Then they had to start looking for exits because they needed to know how fast and how long it would take to get out. It was like a slightly bad James Bond movie.
The boys designated some places in the Louvre where the pictures of the Brick were to be hung.
It was extremely unpleasant because the consequence was, of course, that they could well end up with the French police.
And then they got down to business quickly.
So they find a room next to the Mona Lisa and hang it up. They spend a minute filming people’s reactions. They rush further down to a column where they have removed one of the sculptures. Also, they put up a new brick, such as a 3D-printed one.
Everything was about the mission to create value. They didn’t think about the risks at all.
And succeeded. The boys got out of the Louvre without being caught. Or: In fact, they tried the same thing at the Tate Museum in London, and here they were grabbed but with no other punishment than being escorted out. And most importantly: After telling about the successful mission online, sales of bricks exploded again. Seven hundred baby bricks – small brick pictures – were sold in ten minutes.
We must admit that the guys took the marketing factor seriously to create the success of the project.
Bricks NFT – A sudden financial squeeze
But reality started to press in. There were increasing dark clouds over the economy. Society’s money party was not very festive anymore, especially not in the crypto market. In the spring of 2022, cryptocurrencies really plummeted.
In the summer of 2022, it also really started to get tough. Because at the same time as Ivan had to keep track of the boys’ NFT million business, he went to college. During the day, he sat in class. At night he sat and wrote with freelance programmers around the globe. Over the summer, the crypto market and, thus, the NFT sales had been under such pressure that it created a financial squeeze for the boys. Finally, their NFT was exposed to a hacker attack and lost 175,000 kroner.
Conclusion – Brick NFT outlooks
From the Just Bricks project now, we can see various Brick NFT projects developed by Ivan, one of the team members. So you will find projects like crypto bricks and baby bricks. Also, their business has expanded to new sectors like marketing and consulting.
In 2021 they succeeded in making their digital Brick worth millions. It’s a mega cool big experiment about what value is. Here, it is creativity that creates value. Plus, an expansionary monetary policy has set the stage for it in a very liquid market.
People talked about ‘helicopter money’ in 2020 and 2021 because it was as if the money was being dropped from the sky by central banks and governments.
This helicopter money has really contributed to the fact that there has at least been a great deal of trust and a great appetite for risk. It consequently led to increased interest for investing in NFTs such as the Brick NFT project.
