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Just been diving into the wild story of Charlotte Fang and honestly, it's one of the most dramatic arcs in NFT history. This guy literally built one of the biggest NFT communities with Milady Maker, got completely canceled, and somehow kept pushing forward. Wild.
So here's the deal: Charlotte Fang, the creative force behind Remilia Corporation, ventured into the NFT space back in 2021. His first attempt was a meme coin-like NFT series called Yayo, but it didn't stick. Then he pivoted hard to what he knew best – art. In August 2021, Fang and his team launched Milady Maker, a neo-chibi NFT collection with 10,000 pieces on Ethereum. The roadmap was simple: just a Minecraft server. And it actually worked. By April 2022, Milady floor price hit 1.55 ETH and the community was growing fast.
But then everything fell apart. In May 2022, an old X account associated with Fang surfaced with racist, homophobic, and white nationalist posts. The backlash was brutal. Milady's floor price crashed hard. Fang eventually admitted to the account, claiming it was all performance art and apologized for the toxicity. He called it baggage that was poisoning the community vibe.
Here's where it gets interesting though: the project didn't die. Elon Musk tweeted about the Milady meme in May 2023, and suddenly everything flipped. The floor price bounced back and eventually Milady became the third most expensive 10,000 NFT PFP collection. Then in September 2023, Charlotte Fang filed a lawsuit against three team members, but he dropped it earlier this year. Despite all the chaos, Milady is now one of the most traded NFT collections with a solid floor price.
Most recently, Charlotte Fang launched another project – the CULT meme coin. It started with massive hype, hitting an FDV over $845 million at launch. The tokenomics were interesting: 10 billion tokens total, with more than half allocated as 'Cult fund,' 15% to the team with an 18-month vesting period, and 20-35% to the Remilia treasury. Milady and Remilio NFT holders got exclusive airdrops.
What's wild is how the market has evolved since then. The CULT token that was making waves has since cooled down significantly. The current market cap and valuation tell a different story than those early launch numbers. It's a reminder that even the most hyped projects face reality checks.
The Charlotte Fang saga is basically a masterclass in NFT drama, redemption attempts, and the unpredictable nature of community-driven projects. Love it or hate it, the guy's left an undeniable mark on the NFT space.