Milady Maker NFTs Rise – Other OG Ethereum Assets Fall

In a week marked by price drops for several leading Ethereum NFTs – with Mutant Ape Yacht Club seeing a 7.5% decline, Bored Ape Yacht Club a decrease of 5.2%, and Pudgy penguins drop of 2.7% – Milady Maker goes against the grain.

Despite other Ethereum collections falling in price, Milady’s floor price rose 35%, quickly rising from $15,278 (4 ETH) to $22,153 (5.8 ETH) on Tuesday.

Milady Maker’s sudden rally lacks a clear trigger, yet momentum has been maintained. The minimum price of the collection is currently around an impressive $21,000 (5.5 ETH), with a market cap of $207.976 million (55,298 ETH).

The intriguing journey of Milady Maker

Launched in March 2021 at an initial coin price of 0.05 ETH, Milady Maker is a collection of 10,000 generative profile photo NFTs known for their ‘neochibi’ style, inspired by early Tokyo street style 2000s.

The collection was developed by the Remilia Collective, known for the ‘Redacted Remilio Babies’‘. Initially, an anonymous team managed Milady until CEO Miya’, also known as Charlotte Fang and a controversial figure of 4chan, revealed her identity. As a sequel to resistsshe stepped down as CEO.

Nevertheless, its fame skyrocketed in May 2023 when Elon Musk tweeted a Milady meme, significantly increasing its value and being recognized as ‘NFT Project of the Year’ at Binance’s 2023 Annual Awards.

Read more: Elon Musk Tweet Sends Milady Maker NFT Soaring – NFT Plazas

Each NFT is evaluated using a ‘drip score’ that rates its aesthetic appeal and style, ranging from grades ‘D’ to ‘SS’‘, adding a competitive and collectible element to the ownership experience.

Furthermore, Milady NFTs offer more than just digital avatars; holders get access to exclusive events, virtual reality platforms such as Milady VRtube, themed raves in global hotspots, a merchandise store and a dedicated Minecraft server.

The company also supports charities and donates 1 ETH (approximately $3,809 at the time of writing) to Save the Children.

Despite the project’s past issues and broader market challenges, Milady Maker’s resilience and increase in value underline its distinctive position within the NFT landscape, highlighting the unpredictable yet vibrant nature of digital art markets.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational materials only. Individuals are required to fully research any product before making any form of investment.

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