Original Source: Pix

Compiled by: Odaily Star Daily Wenser (@wenser2010）_

Editor's note: As the founder of the NFT series Milady, Charlotte Fang has attracted much attention due to her controversial statements and multiple industry identities. Some say she has created a unique NFT cultural community through Milady, while others consider her an advocate of extreme ideologies. On June 13, the Meme coin CULT sale issued by her raised a total of 5861.8 ETH, but the current project official Twitter is in daily maintenance, and the specific plan for token issuance has not been announced.

Therefore, Odaily Star Daily has compiled an article about Charlotte Fang's past experiences to provide readers with an initial understanding of the unique story of the "NFT cult leader."

Charlotte Fang's Past: A Small Beginning

He once personally established the largest NFT "cult" (due to the enthusiastic emotions and meme content displayed by Milady community members, as well as the extreme admiration for Charlotte Fang himself), but controversies and scandals related to him have been continuous. He has been condemned and even insulted by many in the industry for his extreme remarks, but recently, he still managed to raise over $20 million in the fundraising stage of the latest Meme coin project CULT. Here are some of his little-known stories:

The Past of a Serial Entrepreneur: The Milady Project is Not His First "Startup"

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

In August 2021, the Milady project was officially established, which is a novel, cartoonish NFT series, and the only thing on its roadmap was to build a server similar to Minecraft. Surprisingly, this roadmap was indeed favored by the market.

Milady pixelated Minecraft server

The NFT series quickly sold out and gradually expanded its ecosystem. By April 2022, the floor price of Milady had risen 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 world of crypto art (and not just art), perhaps he enjoyed some strange performance art? He referred to it as a "social experiment" called "Miya" - the protagonist was a virtual identity existing as a girl, and the Twitter account she created posted a large amount of content related to racism, homophobia, and white nationalism. In May 2022, the founder of DefiLlama revealed that Charlotte Fang was the mastermind behind this account. For a while, the NFT and crypto fields were quite shaken, and the floor price of Milady quickly plummeted.

Milady's price once plummeted to 0.26 ETH

Subsequently, Charlotte Fang turned a deaf ear to external voices, showing an indifferent attitude and refusing to engage in dialogue with the outside world regarding this matter.

But later, he changed his mind - he published an article countering the accusations of past racism and extreme remarks, claiming that the content posted on the social media account of the virtual girl was just "performance art," and he was not a believer in these extreme remarks and ideologies, emphasizing that there were many misunderstandings about his remarks and actions.

Is it really just a misunderstanding?

From the market feedback, many people did choose to believe his explanation - the floor price of Milady rose again, and criticism from the NFT and crypto community gradually decreased.

Milady and Remilio have communities similar to a "cult." Despite many holders choosing to sell off during the various controversies, some core community members chose to stand with Charlotte Fang and continue to stay in the Milady community. These people helped the project survive successfully in the "crypto winter" of 2022.

For about a year, the floor price of Milady remained relatively stable, and the trading volume was extremely active. And it was at this time that another astonishing event occurred.

Musk's Butterfly Effect: A New Meme Symbol is Born

On May 10, 2023, Elon Musk tweeted with a Milady emoji, and the text on the emoji read "There is no meme, I love you." (Tweet).

Musk's unintentional act opened up the imagination of Milady

The floor price of Milady surged as a result.

In a deeper investigation, Musk may have found the Milady emoji through X platform tweets. (A speculation)

According to Charlotte Fang's explanation, perhaps Musk read and quoted his research and related views on VR, AR, and accelerator directions.

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

Performance of Milady floor price

Just as the excitement was gradually subsiding, new twists and turns were brewing.

Team Discord: A Hasty Conclusion

In September 2023, Charlotte Fang filed a lawsuit against three internal members of the Milady Maker team. For specific details, please refer to the article "Milady's internal war fog, founder may indirectly serve U.S. intelligence agencies", published by Odaily Star Daily last year.

As for the specific developments and details of this matter, little is known to the public.

What we do know is that earlier this year, Charlotte Fang voluntarily withdrew the lawsuit.

Despite the controversies, lawsuits, and internal conflicts, Charlotte Fang has still achieved remarkable results:

• Milady still ranks among the top in the existing 10K PFP NFT series (with a floor price around the 4th position);
• The project raised $20 million through the presale of the Meme coin CULT;
• As an NFT with a certain influence and reach both domestically and internationally, Milady is one of the few blue-chip NFTs that regularly receive airdrops.

In the end, do you think Charlotte Fang is the originator of the "cult," or a misunderstood prodigy?

It is worth mentioning that the content of Charlotte Fang's daily tweets is quite unique, indicating that he is quite familiar with and adept at attracting attention on the internet, and each tweet also seems like a "fanatical declaration" of the Milady community.

As for the future performance of the CULT token and whether he will embark on another "social experiment," we will have to wait and see.

Recent tweets from Charlotte Fang

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