In a week marked by price drops for several leading ethereumnfts, with Mutant Ape Yacht Club seeing a 7.5% drop, Bored Ape Yacht Club falling 5.2%, and Chubby penguins falling 2.7%: Milady Maker goes against the grain.
Even as other ethereum collections dropped in price, Milady's bottom price increased by 35%, quickly jumping from $15,278 (4 eth) to $22,153 (5.8 eth) on Tuesday.
Milady Maker's sudden rally lacks a defined trigger, but its momentum has still been maintained. The minimum price of the collection is currently around an impressive $21,000 (5.5 eth), with a market capitalization of $207,976 million (55,298 eth).
Launched in March 2021 at a starting price of 0.05 eth, Milady Maker is a collection of 10,000 nfts with generative profile images known for their “neochibi” style, inspired by the Tokyo street style of the early 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 4chan figure, revealed her identity. Following reactionresigned as executive director.
However, its prominence skyrocketed in May 2023 when Elon Musk tweeted a Milady meme, significantly increasing its value and leading to its recognition as “nft Project of the Year” at the 2023 Binance Annual Awards.
Each nft is evaluated using a 'drip score' that rates its aesthetic appeal and style, ranging from 'D' to 'SS' grades.', adding a competitive and collectible element to the ownership experience.
Additionally, Milady nfts offer more than digital avatars; Holders get access to exclusive events, virtual reality platforms like Milady VRtube, themed raves at global hotspots, a merchandise store, and an exclusive Minecraft server.
He has also supported charitable causes, donating 1 eth (approximately $3,809 at the time of writing) to Save the Children.
Despite the project's past troubles and broader market challenges, Milady Maker's resilience and rise in value underscore its distinctive position within the nft landscape, highlighting the unpredictable but vibrant nature of digital art markets.
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