Advertisement PDAX Banner

Milady NFT Prices Fall After Creator Controversies

Photo for the Article - Milady NFT Prices Fall After Creator Controversies

The value of Milady Maker, a collection of 10,000 generative profile picture non-fungible tokens (NFT), which amassed huge popularity in the NFT space, continues to decrease since its creator acknowledged being the person behind a pseudonymous account that allegedly tweeted several homophobic, anti-trans, and white nationalist posts and is linked to an online cult.

Initially, the idea was to give holders access to a โ€œโ€‹โ€‹highly customized Minecraft serverโ€ but since it involved NFT banners, mixtapes, VRtube, a bootleg merch store and more in its ecosystem, the collection became popular early this year, with some selling for as high as 15 ETH or about $45,000 (approximately โ‚ฑ2.3 million) at its peak. Currently, its floor slumped nearly 70% in the past week amid drama and is now at 0.304 ETH (โ‚ฑ32,000) on OpenSea.

Last week, the pseudonymous decentralized finance (DeFi) developer 0xngmi alleged that Charlotte Fang, Miladyโ€™s creator, was โ€œMiyaโ€, an account that allegedly spread hatred against minorities. 0xngmi has compiled their findings on GitHub.

Also, there are unverified reports from Twitter stating that accounts associated with Miya apparently urged young girls toward being anorexic and that the persona was involved in “systemspace,” an alleged online cult popular on bulletin site 4chan.

https://twitter.com/planet_nerf/status/1502924860636364800

In a tweet thread, Fang came clean over the weekend by apologizing for โ€œtrying to hide the past accountโ€ and claimed that the Millady NFT project has โ€œnothing to doโ€ with the issue.

Advertisement PDAX Banner

โ€œUnequivocally, my real views hold no room for hate, and I detest abusers & groomersโ€”trolling about it was juvenile, but in reality Iโ€™ve never harmed a fly.โ€ โ€“Charlotte Fang

After saying that sheโ€™ll step down from her position in the project, she further said that she will be โ€œtaking a breakโ€ for a while. Fangโ€™s tweet received mixed reactions, with some users calling them out for โ€œlyingโ€.

Some users priorly criticized the use of โ€œSSโ€ to identify the highest rarity of the Milady NFT instead of โ€œSโ€ due to its Nazi connotations. However, Fang refuted such claims. Also, after Miladyโ€™s launch, many collectors found that a spin-off collection featured avatars wearing t-shirts with the word โ€œTreblinkaโ€, a major Nazi concentration camp. The developers denied this issue too, claiming that they randomly generated the phrases using text from multiple sources.

This article is published on BitPinas: Milady NFT Prices Fall After Creator Controversies

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.