Misunderstood genius or extremist? Interpreting the multifaceted life of the founder of NFT "cult" Milady

24-07-20 17:00

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Original author: Pix

Original translation: Wenser, Odaily Planet Daily

Editor's note: As the founder of the NFT series Milady, Charlotte Fang has received a lot of attention for her controversial speeches and multiple identities in the industry. Some people say that he has created a unique NFT cultural community through Milady; others think he is a spokesperson for extreme ideas. On June 13, the sale of the Meme coin CULT issued by him ended, and finally raised 5861.8 ETH, but the official project is currently in daily maintenance, and the specific plan for token issuance has not yet been announced.

Therefore, Odaily Planet Daily compiled an article about Charlotte Fang's past experience, so that readers can initially understand the different story of this so-called "NFT cult leader".

Charlotte Fang's past: The wind started from a small thing

He once personally established the largest NFT "cult" (due to the enthusiasm and meme content shown by Milady community members, as well as the extreme admiration for Charlotte Fang himself), but the controversy and scandals related to him have continued. He was once spurned and even abused by many people in the industry for extreme speech events, but recently, he still raised more than 20 million US dollars in the fundraising stage of the latest Meme coin project CULT. Here are his many unknown stories:

The past of a serial entrepreneur: The Milady project is not the first "entrepreneurship"

Charlotte Fang (formerly known as Krishna Okhandiar)'s first project was not Remilio or Milady, but an NFT similar to Meme coin called Yayo (according to what he once revealed). But this project existed for a very short time. Later, he returned to his beloved "old line of business" - the world of crypto art.

In August 2021, the Milady project was officially founded. This is a novel, cartoon-like NFT series, and the roadmap of this project has only one thing - to build a Minecraft-like server. But surprisingly, this roadmap planning has indeed been favored by the market.

Milady Pixel Minecraft Server

The NFT series sold out quickly, and then gradually expanded its ecosystem. By April 2022, Milady's floor price rose to 1.55 ETH, entering the ranks of second-tier blue-chip NFTs. Just when everything seemed to be running smoothly, something unexpected happened.

Source of controversy: social experiment enthusiast or extremist?

Before Charlotte Fang entered the field of crypto art (of course not just art), maybe he liked some strange performance art? He himself called it a "social experiment" called "Miya"-the protagonist is a virtual identity that exists as a girl, and the Twitter account she opened has posted a lot of racist, homophobic and white nationalist comments. In May 2022, the founder of DefiLlama revealed that Charlotte Fang was the mastermind behind the account. For a time, the NFT and crypto fields were quite shaken, and the Milady floor price plummeted rapidly.

Milady price once plummeted to 0.26 ETH

Afterwards, Charlotte Fang turned a deaf ear to all external voices, showed an indifferent attitude, and refused to communicate with the outside world on the matter.

But later, he changed his mind-he published an article to fight back against the accusations of extreme remarks such as racism, claiming that the content posted on the virtual girl's social media account was just a "performance art", and he was not a believer in these extreme remarks and extreme ideas, and there were a lot of misunderstandings about his remarks and actions.

Is it really just a misunderstanding?

From the market feedback, many people did choose to believe his words-Milady's floor price rose again, and criticism of it in the NFT and cryptocurrency fields gradually decreased.

Milady and Remilio have a "cult"-like community. Although many holders chose to sell during the many storms, there are still some core community members who chose to stand with Charlotte Fang and continue to stay in the Milady community. These people helped the project survive the "crypto winter" in 2022.

For about a year, Milady's floor price has remained in a relatively stable range, and the trading volume is extremely active. And at this time, another eye-opening thing happened.

Musk’s butterfly effect: the birth of a new meme symbol

On May 10, 2023, Elon Musk posted a tweet with the Milady emoji package, and the text of the emoji package reads "There is no meme, I love you." (Note from Odaily Planet Daily: The watermark on the lower left corner of the picture is a certain emoji package website imgfli.com).

Musk’s unintentional move opened up Milady’s imagination

Milady’s floor price soared.

In the in-depth research and excavation, Musk found the way to find the Milady emoji package, perhaps through the tweets on the X platform. (A guess)

According to Charlotte Fang herself, perhaps Musk read and quoted his research and related opinions on VR, AR and other technologies and accelerators.

Three months later, Milady became the 10K PFP NFT series with a floor price second only to Cryptopunks and BAYC.

Milady floor price performance

Just as the excitement gradually subsided, new twists and turns were ready to go.

Team infighting: a hasty ending

In September 2023, Charlotte Fang filed a lawsuit against three internal members of the Milady Maker team.

As for the specific development and details of this matter, the outside world knows very little about it.

What we know is that Charlotte Fang took the initiative to withdraw the lawsuit earlier this year.

And now, despite many disputes, lawsuits and even internal conflicts, Charlotte Fang has still achieved impressive results:

· Milady still ranks among the top in the existing 10K PFP NFT series (the floor price is around 4th place);

· Previously, the project raised $20 million through the pre-sale of Meme coin CULT;

· As an NFT with a certain influence and popularity both at home and abroad, Milady is one of the few blue-chip NFTs that often receives airdrops.

At the end of the story, do you think Charlotte Fang is the initiator of the "cult" or a misunderstood favored child of heaven?

It is worth mentioning that the style of Charlotte Fang's daily tweets is quite unique. It can be seen that he is already familiar with getting attention on the Internet, and each tweet looks like a "fanatical declaration" of the Milady community.

As for how CULT tokens will perform in the future, and whether he will start his own "social experiment" again, we will wait and see.