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Milady (LADYS) experienced a significant surge of over 5,000% in just 24 hours after Elon Musk tweeted about it on May 11, 2023. This rally was not exclusive to Milady, as the Milady Maker NFT collection that inspired it also saw an increase in floor price from 3.75 to 5.25 ETH in the secondary markets.
If you find yourself intrigued but still puzzled about this latest hot topic, fear not! In this article, we aim to provide you with a comprehensive exploration of the Milady Crypto project, offering both entertaining insights and valuable information.
Hello there! I’m Zifa, and I’m thrilled to have the opportunity to share my insights with you as we dive into the captivating world of the Milady Crypto meme coin and its intriguing NFT collection. With over two years of experience in covering crypto news, I’ve developed a deep fascination for the dynamic and ever-evolving landscape of cryptocurrencies. As an avid lover of memes, I find them to be a powerful and engaging medium in the crypto realm. In my quest to stay informed, I make it a point to keep up with all the controversies surrounding crypto projects.
Exploring the Milady Crypto Project
In this article, I use the term “Milady Crypto Project” to encompass both the Milady Maker NFTs and the Milady Meme Coin (LADYS). Although closely related, these components are not created by a single organization.
The Milady Meme Coin (LADYS) is a fan-driven initiative that seeks to garner more attention and restore the reputation of Milady Maker NFTs. This coin has become a hot topic, serving as a way to divert focus from the controversial history associated with Milady Maker NFTs.
But what exactly damaged the reputation of Milady Maker NFTs? Let’s go back to the beginning and explore the troubled past of this project.
What are Milady Maker NFTs?
Milady Maker NFTs are a collection of 10,000 generative profile picture NFTs with a neo-chibi aesthetic, inspired by various street-style tribes. Each NFT is unique and offers an accessory rating score known as “drip,” which ties value to aesthetics over pure trait scarcity. Milady is not just an NFT collection; it is a lifestyle brand that encompasses a broad spectrum of experiences such as Milady VRtube, Milady Raves, and Milady Minecraft Metaverse.
The name “Milady” is a play on the expression “m’lady,” commonly used by fedora-wearing gamers and faux-chivalrous individuals in online forums. The Milady Maker NFTs have become popular components in viral memes, serving as meme images or reaction pictures throughout Crypto Twitter.
Who is the Founder of Milady?
The Milady NFT collection, created by the Remilia Collective, became available in August 2021. Remilia’s members remain anonymous, but their ‘About’ page speaks for them. They mention that they ‘create worlds for you and your friends.’ They describe their work as building immersive universes of video games, virtual reality, and blockchain.
Charlotte Fang played a crucial role in the creation and popularization of Milady NFTs. Fang, a.k.a. Miya, is the self-proclaimed “CEO” of Remilia Collective and is one of the driving forces behind the collective’s virtual world-building. Fang is credited with coming up with the idea for Milady NFTs, which have become incredibly popular and are used in various internet forums and social media platforms.
The art for the 10,000 profile pictures was created by a Remilia member known as “Milady Sonora” or “Milady Sonoro.” Like most Milady members, their identities are completely anonymous.
Milady Maker Collection Controversy
Recently, controversy has clouded Fang’s involvement with Remilia Collective. Fang has been linked to a suspended Twitter account that promoted suicide and shared racist and misogynistic content. Fang has since apologized and denied any involvement with the specific Twitter account. However, several individuals have called for the removal of Fang from her position as CEO of Remilia Collective due to her association with the offensive Twitter account.
In September 2021, the project sparked controversy when certain avatars were found on shirts featuring the word “Treblinka.” This raised concerns due to Treblinka being associated with one of Nazi Germany’s most notorious concentration camps. The Remilia Collective issued a statement, claiming it was an unintentional error and that the words on the t-shirts were randomly generated.
The founder of the Milady NFT project has been criticized by multiple Twitter users.
However, questions arose regarding the authenticity of this explanation. Controversial writings by Miya, a member of the Collective, emerged, including a five-step guide that started with incendiary remarks about Jews. Other troubling statements compared Black people to gorillas and promoted sexist views. Miya’s remarks on social media further fueled the controversy. While Charlotte Fang dismissed it as a joke, many Milady fans did not perceive it in the same light.
Milady NFT Floor Price Surges after Elon Musk’s Tweet
Elon Musk has been known to be an active figure on social media, often sharing posts related to cryptocurrency and digital assets. Recently, he shared a Milady-themed meme on his Twitter, which created a buzz among Milady enthusiasts and investors.
In the latest crypto news, Milady Meme Coin has seen a substantial increase in price, once again triggered by Elon Musk’s tweet. After the Tesla and SpaceX CEO unexpectedly endorsed the art, investors raced to grab a piece of these limited edition assets. As a result, the floor price of these anime profile pictures skyrocketed to an all-time high of 7.8 ETH, according to data from Crypto Prices.
The prices of Milady NFTs have bounced back. Source: OpenSea
This sudden increase in demand for Milady’s NFTs represents one of the largest surges in crypto art prices over the past year, and is a testament to the power of Musk’s influence on cryptocurrency markets. This massive upswing has pleased amateur collectors and professional traders alike as they look forward to future gains or simply take a hype-driven joyride in this upward trending asset class. Already, much of the original art is sold out and speculation among investors regarding a potential second launch is rampant, with some predicting that higher prices could come should another wave become available.
Does Elon Musk Own a Milady?
Elon Musk has been known to be an active figure on social media, often sharing posts related to cryptocurrency and digital assets. Recently, he shared a Milady-themed meme on his Twitter, which created a buzz among Milady enthusiasts and investors.
Despite his engagement with the Milady project on social media, there is currently no evidence to suggest that Elon Musk owns any Milady NFTs. However, his social media presence and influence have had a significant impact on the project, with his tweet causing a surge in the base price of Miladys within 24 hours.
Are Milady NFTs a good buy?
Milady NFTs have gained a significant following on Crypto Twitter, boasting a large and active community. The collection’s popularity has resulted in organic demand as a PFP, with an increasing floor price and daily trading activity. The unique neochibi aesthetic, inspired by street style tribes, may appeal to collectors who appreciate the fusion of modern and traditional styles. Milady’s rarity, style themes, and Drip Score rating system may also contribute to their perceived value as a collectible asset.
What Is Milady Meme Coin (LADYS)?
The Milady meme coin (also known as the LADYS token) launched on May 7th, 2023 in order to bring attention to the NFT project and build Milady community. LADYS is a meme coin created by enthusiastic supporters of the Milady Maker NFT collection. It aims to be the “drip currency” and is seen by Milady Maker NFT supporters as the savior of the controversial NFT collection. Despite this, LADYS is not affiliated with the Milady Maker NFT collection in any way.
Here’s how the token’s official web page describes the crypto:
“LADYS is not another meme coin. LADYS is a self-organised meme coin. LADYS is the drip currency. LADYS is the points for karma, charm and beauty. LADYS is the accumulation of clout.”
The Milady Meme Coin team has listed three phases of development for LADYS to hopefully achieve over time. These phases include trending on Twitter, listing on CoinGecko and CoinMarketCap, Milady community partnerships, centralized exchange listings, and taking over the internet.
Is LADYS a Good Investment?
The Milady meme coin has attracted a lot of interest in the cryptocurrency community.
The creators of the Milady meme currency seem to be taking advantage of Twitter’s trends by making “LADYS” a hot topic among crypto enthusiasts. This online marketing strategy does not require too much effort, since users are already discussing their opinions on this new digital asset in mass numbers. Along with their low cost and ease of use, it becomes clear why many consider LADYS tokens as great opportunities for digital asset trading and investing.
When evaluating LADYS as a potential investment, it is important to remember that this cryptocurrency is volatile due to its status as a meme coin. While many people may be enticed by its rapid graduation from its first road map phase to its second, and the lack of formal team or road map, it would be wise to exercise caution. As my experience suggests, diversification of investments is key and it is highly advisable to include some blue chip crypto in your portfolio in order to minimize potentially devastating losses.
Our data shows that investors seem to be losing interest in Milady, with some crypto experts saying that the project is unlikely to return to its previous price.
That being said, success stories abound when it comes to investing in meme coins. Many have seen tremendous returns on their investments after holding for extended periods of time. Therefore, if you’re prepared for the risks associated with investing in meme coins, there remains potential upside that could result in considerable profits. It’s imperative that investors stay on top of all the latest developments and research trends before placing bets and taking risks when putting money into LADYS.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
