Charlotte Fang: The Strategic Mind Behind Milady Maker and $CULT's Rise in the NFT Landscape

Charlotte Fang has become one of the most distinctive and controversial figures in the NFT ecosystem. As the founder of Remilia Corporation, a digital asset incubation studio, Fang has orchestrated multiple ventures that have significantly shaped NFT culture and discourse. From creating the Milady Maker collection to launching the $CULT token, Charlotte Fang’s trajectory reveals both the creative potential and inherent volatility of the crypto-native art space.

Charlotte Fang: From Avant-Garde Artist to NFT Provocateur

Krishna Okhandiar, operating under the moniker Charlotte Fang, represents an intersection between accelerationist theory and digital culture. Before establishing himself in the NFT sphere, Fang was recognized as an avant-garde artist and theorist. His entry into the NFT market during 2021 marked a strategic pivot—launching Yayo, an experimental meme coin-inspired NFT series that gained limited traction before being discontinued.

Rather than abandoning the digital art space entirely, Charlotte Fang refocused his efforts on creating what would become more substantial projects. This strategic recalibration proved instrumental in establishing Remilia Corporation as a force within the NFT community. The shift from experimental ventures to disciplined project development demonstrated a learning curve that would define his subsequent work.

The Milady Maker Phenomenon: From Cult Sensation to Institutional Recognition

In August 2021, Charlotte Fang and his team launched Milady Maker, a neo-chibi NFT collection consisting of 10,000 unique digital artworks deployed on the Ethereum blockchain. The project’s initial roadmap was deliberately minimal—centered around a Minecraft server integration—yet this simplicity contributed to its viral appeal. The collection achieved near-complete sell-through, establishing a foundation for rapid ecosystem expansion.

By April 2022, Milady Maker’s floor price had climbed to 1.55 ETH, signaling strong market confidence. However, the project’s momentum encountered significant turbulence when historical X account posts attributed to Charlotte Fang surfaced in May 2022, containing racist, homophobic, and white nationalist commentary. The revelation triggered a sharp decline in the collection’s floor price and prompted public scrutiny of the broader Milady community.

Controversy, Accountability, and Community Resilience

Charlotte Fang acknowledged the allegations, framing the controversial posts as performance art experiments conducted through a separate account. He issued a public apology regarding the episode and clarified that the account holder (referenced as “Miya”) held no connection to the Milady Maker project itself. Fang characterized the incident as “toxic baggage” that threatened to undermine the community’s growth trajectory.

The Milady ecosystem demonstrated notable resilience following this period of reputational strain. On May 10, 2023, when Elon Musk publicly endorsed the Milady meme on his X platform, the collection experienced a sharp recovery. The floor price rapidly rebounded past previous peaks, and by late 2023, Milady Maker had established itself as the third most expensive 10,000-piece PFP collection in the broader NFT market.

Internal tensions resurfaced in September 2023 when Charlotte Fang initiated legal proceedings against three Milady Maker team members. Despite the lawsuit’s potential to destabilize the project, the cult-like devotion of the community insulated the collection from severe market disruption. Fang ultimately withdrew the litigation earlier in 2025.

The $CULT Token Initiative: Scaling the Vision

Building on Milady Maker’s established community foundation, Charlotte Fang and Remilia Corporation executed the launch of $CULT, a meme coin designed to serve as both a utility token and community mechanism. The token achieved a fully diluted valuation (FDV) exceeding $845 million at launch, with a total supply of 10 billion tokens.

The $CULT tokenomics reflect deliberate allocation strategies: the “Cult fund” received over 50% of total supply, while the Remilia Corporation team retained 15% subject to an 18-month vesting schedule. Remilia project treasuries were allocated 20-35% of the supply. Notably, holders of both Milady Maker and Redacted Remilio Babies NFTs received exclusive airdrop distributions of $CULT tokens, directly rewarding early ecosystem participants.

At the token’s initial pricing, $CULT traded at $0.003393, with a market capitalization of $145 million against its $339 million FDV. The launch represented Charlotte Fang’s most ambitious effort to consolidate and monetize the loyalty cultivated through the Milady ecosystem.

Charlotte Fang’s Evolving Legacy in Crypto Culture

Charlotte Fang’s narrative within the NFT space encapsulates both the innovative potential and reputational risks inherent to decentralized communities. His ability to navigate controversies, maintain community cohesion, and launch successive projects demonstrates considerable acumen in ecosystem building. The Milady Maker collection now maintains a floor price of 4.90 ETH, positioning it among the market’s most actively traded NFT collections.

Whether $CULT achieves meaningful adoption comparable to its predecessor projects remains an open question. Nevertheless, Charlotte Fang’s strategic approach to community engagement, combined with his willingness to iterate following setbacks, has established him as a consequential if polarizing figure in shaping NFT culture and the intersection of art, commerce, and digital identity.