Remilia Corporation, the digital asset incubation studio behind the Milady Maker non-fungible token collection, has continued to solidify its position among the non-fungible token market leaders. After creating Milady Maker, one of the most successful NFT collections in the NFT market, the team is back in the studio and created another biggest NFT Coin “$CULT.”In this article, we shall assess the development team behind this biggest NFT project.
Who Is Charlotte Fang?
Krishna Okhandiar, a renowned accelerationist theorist and an avant-garde artist best known as Charlotte Fang, is the leader of the notorious art-industrial conglomerate Remilia Corporation. Fang’s rise to glory has been a roller coaster. Fang ventured into the NFT market sometime in 2021 and created a meme coin-like NFT series called Yayo. Unfortunately, it was short-lived. So, he turned back to his roots in the art world.
Look at this guy
He built the biggest NFT cult
Then his dark past caught up. He got canceled
Yet, he still managed to raise $20M for his new coin
Here’s the untold story of Charlotte Fang: pic.twitter.com/IYR8rno45W
— Pix🔎 (@PixOnChain) July 11, 2024
In August 2021, Fang and his team members launched Milady Maker, a neo-chibi non-fungible token collection that features a limited edition of 10,000 cartoon art hosted on the Ethereum blockchain network. Their roadmap was just one thing – Minecraft server and it worked. Luckily, their Milady Maker NFT collection successfully sold out and they quickly began expanding their ecosystem.
By April 2022, the Milady Maker floor price pumped to 1.55 ETH. But just when everything seemed perfect, something crazy happened. In May 2022, an X account (formerly Twitter) posing as an e-girl posted racist, homophobic, and white nationalist comments. At the time, Fang was associated with the X account and accused of racism and homophobia. The allegations were strong and fueled the Milady Maker floor to take a nosedive.
Later, Fang admitted the allegations, claiming he never believed what was posted from his old account, which he used all for performance art. He apologized for trying to hide the past account and noted Miya had nothing to do with Milady Maker. Fang termed the scandalous incident as toxic baggage that was hurting the Milady NFT community and poisoning the vibe.
The Milady Maker rose back from grass to glory on May 10, 2023, after X and Tesla Boss Elon Musk tweeted about the Milady meme. Shortly after, the Milady Maker NFT floor price jumped back, surpassing its initial highs. Three months later Milady NFT collection became the third most expensive 10,000 NFT PFP collection. Again when everything seemed perfect, a fresh scandal erupted from an unexpected source.
pic.twitter.com/4s6HwnCY74
— Elon Musk (@elonmusk) May 10, 2023
In September 2023, Charlotte Fang filed a lawsuit against three members of the Milady Maker team. Since both the Milady Maker and Remilio NFT collections had cult-like communities, this incident did not create a lot of fear, uncertainty and doubt (FUD). Earlier this year, Fang dropped the case. Despite all the controversies, the Milady Maker is now one of the most traded collections in the NFT market, boasting a 4.90 ETH floor price.
Fang Launches Another Biggest NFT Project $CULT
Earlier this month, Fang and the team launched their highly anticipated Cult meme coin with its FDV surging to over $845 million at launch. The meme coin featured a limited edition of 10 billion tokens, with the team allocating over half of the total CULT supply as “Cult fund.” The Milady Maker creators also allocated 15% of the supply to the team with an 18-month vesting period.
Furthermore, Fang and the team allocated 20% to 35% to the Remilia project’s treasury. The Milady Maker and Redacted Remilio Babies NFT holders also received an exclusive airdrop of the new CULT tokens. At the time of publishing, the Milady Maker NFT coin “$CULT” is exchanging hands at $0.003393. $CULT has a market cap of $145 million and a fully diluted valuation FDV of $339 million.
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