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You ever dig into the wild backstory of some of these NFT creators? Charlotte Fang's journey is honestly one of the craziest arcs in the space. This guy went from launching Yayo (which flopped hard) to creating Milady Maker, one of the most iconic NFT collections ever. And yeah, he's back with another project.
So who actually is Charlotte Fang? He's Krishna Okhandiar, this accelerationist theorist and avant-garde artist running Remilia Corporation. The dude basically bet everything on the NFT market back in 2021. First attempt didn't land, but then Milady Maker dropped in August 2021 – a 10,000 piece neo-chibi collection on Ethereum. The roadmap was literally just a Minecraft server and somehow it worked. By April 2022, floor prices hit 1.55 ETH.
Then everything got messy. May 2022, an old X account tied to Charlotte Fang surfaced with racist and homophobic posts. The community went nuclear. Fang apologized, said it was performance art he regretted, but the damage was done – Milady floor crashed. For months it looked like the project was done. But then Elon Musk tweeted about the Milady meme in May 2023 and everything flipped. The collection recovered and became one of the top 10k PFP collections.
Of course, more drama followed. September 2023, Charlotte Fang sued three team members. By this year the case got dropped, but the controversy stuck around. Still, Milady Maker is now one of the most traded NFT collections with a solid 4.90 ETH floor.
Not content with just that, Charlotte Fang and crew launched $CULT earlier this year as their biggest NFT coin yet. It was supposed to be massive – 10 billion tokens, huge FDV at launch. But here's the thing: the market moved fast. Right now $CULT is trading way down from those early highs, sitting at basically $0 with a fully diluted valuation around $4.51M. The whole "cult fund" allocation and team vesting didn't matter much when momentum dried up.
The Charlotte Fang story is basically a masterclass in how quickly things can change in this space. You go from getting canceled to getting tweeted by Elon to launching a token that doesn't stick. The NFT world's weird like that.