The Twittersphere Goes Wild
On May 10, in a moment that echoed through the crypto-verse, Elon Musk tweeted a cheeky meme using images from the Milady NFT collection. This wasn’t just your average tweet; it sent shockwaves through the NFT market, resulting in an astonishing leap in the floor price of Milady NFTs from 3.8 Ether (ETH) to an eyebrow-raising 7.3 ETH before settling at a respectable 5.69 ETH. Talk about a tweet with a serious financial punch!
What is Milady Anyway?
The Milady NFT collection, created in 2021 by the Remilia DAO, isn’t just another set of digital trinkets. It features 10,000 anime profile picture NFTs inspired by street style tribes. So, if you’re thinking about elevating your online persona, a Milady NFT may just be the way to do it. The mastermind behind this venture, artist Charlotte Fang, aimed to blend digital art with the chaotic energy of modern communities.
The Name Game: A Noble Reference
Why is it called Milady, you ask? The term is a playful take on the phrase “my lady,” historically used to address noblewomen. However, in today’s internet culture, it carries a smirk, often implying satirical viewpoints towards chivalry. Interestingly, four years before the NFT hype, Musk himself referenced this term, declaring, “my shield is yours.” Perhaps he’s been a fan all along?
From Controversies to Collectors
If you thought the story ended there, think again! In May 2022, whispers about Charlotte Fang’s alleged connections to fringe ideologies sent the Milady floor price plummeting by over 50%. The artist admitted that the situation was complicated but firmly stated, “I’ve never harmed a fly.” Whether that’s comforting or simply nostalgic is up for debate. Following the fiasco, Fang stepped back from the project, leaving many collectors wondering about the collection’s future.
Still Going Strong
Despite the ups and downs, the Milady NFT collection has maintained its charm in the crypto world. Not only has Elon Musk tossed his brand-name backing into the ring, but influencers like Su Zhu, co-founder of the now-defunct Three Arrows Capital, have also praised the collection, adding to its desirability. As of now, Milady NFTs boast a staggering 39,659 ETH in cumulative volume traded on platforms like OpenSea, proving that the cultural phenomenon of Milady is far from over!
