The untold story of Charlotte Fang, the founder of the 'cult' Milady and Non-fungible Token

Source: Pix

Compiled by Odaily Star Daily Wenser (@wenser2010)

Editor's note: As the founder of the Non-fungible Token series Milady, Charlotte Fang has gained many followers due to her controversial statements and multiple industry identities. Some say she has created a distinctive Non-fungible Token cultural community through Milady; others see her as a spokesperson for extreme ideas. On June 13th, the Meme coin CULT issued by her ended its sales, raising a total of 5861.8 ETH, but the project's official account is currently under regular maintenance, and the specific plan for Token issuance has not yet been announced.

Therefore, Odaily Planet Daily compiled an article introducing Charlotte Fang's past experiences, allowing readers to initially understand the unique story of this person known as the "Non-fungible Token cult leader".

Charlotte Fang's Past: A Small Beginning Leads to Great Things

He once personally created the largest Non-fungible Token 'CULT' (due to the passionate emotions and Meme content displayed by the Milady community members, as well as the extreme admiration for Charlotte Fang herself), yet controversies and scandals related to him have been continuous. He has been condemned and even insulted by many people in the industry due to extreme speech incidents, but recently, he still raised over 20 million dollars in the fundraising stage of the latest Meme coin project CULT. Here are many of his little-known stories:

The past of serial entrepreneurs: The Milady project is not their first "entrepreneurship".

Charlotte Fang's first project was not Remilio or Milady (formerly known as Krishna Okhandiar).

Instead, it is a Non-fungible Token similar to a Meme coin, called Yayo (according to information disclosed by the person). However, this project had a very short lifespan. Later, he returned to his beloved 'old profession' - the encryption art world.

In August 2021, the Milady project was officially established. It is a novel and cartoonized Non-fungible Token series, and the roadmap of this project has only one goal - to establish a server similar to Minecraft. Surprisingly, this roadmap has indeed been favored by the market.

Milady pixel style Minecraft server

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

Source of controversy: Social experiment enthusiasts or extremists?

Before Charlotte Fang entered the field of encryption art (not just art, of course), maybe she was very fond of some strange performance art? He himself referred to it as a 'social experiment' called 'Miya' - the protagonist is a virtual identity existing as a girl, and the Twitter account she opened posted a lot of racist, homophobic, and white nationalist comments.

In May 2022, DefiLlama founder revealed that Charlotte Fang is the mastermind behind this account. For a while, NFT and encryption fields were quite shaken, and Milady Floor Price quickly big dump.

Milady price once big dump to 0.26 ETH

Later, Charlotte Fang turned a deaf ear to all external voices, showing an indifferent and cold attitude, and refused to engage in dialogue with the outside world on this matter.

But later, he changed his mind - he published an article to counter the accusations of racism and other extreme remarks, claiming that the content posted on the virtual girl's social media account was just a kind of "performance art", and he was not a believer in these extreme remarks and thoughts. There are many misunderstandings about his remarks and actions from the outside world.

Is it really just a misunderstanding?

From market feedback, many people do choose to believe his rhetoric - Milady Floor Price re-pump, criticism in the field of Non-fungible Token and Cryptocurrency has also gradually decreased.

Milady and Remilio have a community similar to a "cult." Despite many controversies, many holders have chosen to sell, but some core community members have chosen to stand with Charlotte Fang and continue to stay in the Milady community. These people have helped the project survive the "crypto winter" in 2022.

For about a year, Milady's floor price has remained relatively stable, and the volume has been very active. And at this time, another amazing thing happened.

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

On May 10, 2023, Elon Musk tweeted with the internet memes of Milady, and the text of the internet memes was "There is no meme, I love you." (Note: The watermark in the lower left corner of the image is from an internet memes website imgfli.com).

Musk's unintentional move opened up Milady's imagination space

The floor price of Milady followed a big pump.

And in the course of further exploration, Musk found a way to Milady internet memes, perhaps through X platform tweets. (A speculation)

According to Charlotte Fang himself, it may be that Musk read and quoted his research and related opinions on technologies such as VR, AR, and accelerator direction.

Three months later, Milady became the Floor Price second only to Cryptopunks and BAYC in the 10 K PFP Non-fungible Token series.

Milady Floor Price performance

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

Team infighting: a hasty and inconclusive end

In September 2023, Charlotte Fang filed a lawsuit against three internal members of the Milady Maker team. **For details, please refer to the article "Milady Civil War Fog, Founder or Indirectly Serves United States Intelligence Agency" published by Odaily Planet Daily last year. **

However, little is known about the specific development and detailed situation of this matter from the outside.

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

And now, despite numerous controversies, lawsuits, and even internal conflicts, Charlotte Fang has still achieved remarkable results:

• Milady still ranks high in the existing 10 K PFP Non-fungible Token series (Floor Price before and after the 4th place);
• Through the pre-sale of Meme coin CULT, the project raised 20 million dollars in funding;
• As a Non-fungible Token with significant influence and dissemination both at home and abroad, Milady is one of the few blue-chip Non-fungible Tokens that frequently receive Airdrops.

**At the end of the story, do you think Charlotte Fang is the originator of the "cult", or a misunderstood prodigy of the heavens?

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

It remains to be seen how the CULT Token will perform in the future, and whether he will start his own "social experiment" again. **

Recent tweets by Charlotte Fang