On May 10, American business mogul Elon Musk tweeted a meme created using images from the Milady Non-Fungible Token (NFT) series. Shortly thereafter, the base price of the Milady NFT skyrocketed from 3.8 Ether, It was as high as 7.3 ETH be fore dropping to 5.69 ETH at the time of publication.
Founded in 2021 by Digital Art Collective Remilia, Milady is a Collection of 10,000 NFTS of Anime Avatars "Inspired by Street style tribes. Founded the Remilia Decentralized Autonomous Organization (DAO) and Helping Design The Collection.
The name "Milady" is a play on the expression "my lady," which has historically been a polite term for an aristocratic woman, but has since come to be associated with overzealousness in Internet forums. The irony of chivalry and "good guys. " Four years before the Milady NFT tweet, Elon Musk referred to the namesake, adding “My shield is yours.” In May 2022, the base price of the Milady NFT fell by more than 50% as its creator, Charlotte Fang, became embroiled in various fringe ideologies on the anonymous image board site 4chan. Fang appears to have confirmed the authenticity of the alleged screenshot, while stating, “It's childish to troll it, but I've never actually hurt a fly.” The NFT artist has since resigned from the team.
Despite the controversy, Milady remains popular in the Web 3 community. Su Zhu, co-founder of bankrupt Singaporean hedge fund Three Arrows Capital, in addition to being promoted by Elon Musk, is an avid collector of Miladys and often sells them to his followers . The series currently has a cumulative transaction volume of 39,659 ETH on OpenSea.
