History of Milady NFT: A Little Context
Milady Non-Fungible Token (NFT) is a collection of cute little generative profile picture NFTs with a touch of neo-chibi aesthetic. This collection has been available on the secondary market at OpenSea since August 2021, and has quickly become a part of viral memes. But it hasn’t been all sunshine and rainbows for Milady NFT, as it has been hit with a flurry of allegations ranging from grooming to suicide to Nazism, racism, and misogyny. The founder behind this artwork allegedly embodies every “-ism” in the book, and reportedly spent years grooming girls to develop anorexia and join a cult that worships him. I mean, what a “nice” way to live a life, huh?
As a result, what started out as a cute little NFT project seems to have taken a dark turn.
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At the onset of March 2021, the Milady NFTs were marketed at a humble price of 0.05 ETH, but experienced an inexplicably rapid surge in value and shot up to 0.2 ETH towards the end of the year. Today, these NFTs are a hot commodity in the market, with a floor value of 2.589 ETH that’s skyrocketing faster than a SpaceX rocket (and we’re getting to the role of Elon Musk in it); the Milady Maker price floor has surged to a baffling $7,848.942.
Elon Musk Tweet Sends Milady NFT Collection Over the Roof
In one tweet, Elon Musk shared a Milady NFT with the words, “There is no meme, I love you,” which caused a the Milady collection rapidly climb to the top of OpenSea, and prices went through the roof to an unprecedented high of $131.
While some may have been wondering what kind of sorcery Musk possesses to influence the market in such a way, looks like Musk’s tweets have become a powerful tool in manipulating the cryptocurrency world. Having many investors hang onto his every word, he basically increased the demand, which impacted the market trend and was consequently reflected in the price. Most likely, when everyone forgets about that, the prices will start to drop, just like we’ve seen happen to another meme digital asset, Dogecoin. Mark my words.
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Conclusion
The Milady NFT project has been marred by allegations of misconduct and controversy. However, despite the questionable ethics behind the creator and the images themselves, the Milady Maker floor price has reached stratospheric heights, thanks in part to the influence of Elon Musk and his tweets. The Milady NFT collection have become yet another example of how Musk’s social media activity can significantly impact the cryptocurrency market. Whether the current prices of these NFTs are sustainable or not remains to be seen, but it’s clear that Musk’s tweets can cause a frenzy in the crypto world. Only time will tell if the Milady NFTs will continue to be a valuable investment or just another passing trend.
