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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
Milady Maker is one of the weirder, more ineffable NFT projects around.
It's on the "cult" side rather than the "yacht club" side of the social spectrum, though its lore and controversies are too expansive and nuanced for me to explain in just a handful of paragraphs here.
What is abundantly clear, though? Milady holders have been the big winners in the ETH NFT scene lately. Today, the Milady floor price reached a new all-time high of 5.23 ETH, marking a 50% climb over the past 3 months.
In this same span, CryptoPunks, Bored Apes, and Pudgy Penguins saw their floor prices drop 49%, 35%, and 33% respectively!
What's behind this huge Milady outperformance, then?
Of course, there is no monolithic driver, as various circumstances and factors have contributed to this dominance. But if I had to give one simple reason to try to explain it as best I could, I'd point to this graphic by GAMI:
Long story short, as of late I think more people have gotten fed up with the increasingly corporate vibes around top projects like 'Punks and BAYC, and in this environment, the Milady collection has been perfectly positioned as a cult classic foil.
That's my read on the situation at least, and I know this corporate rejection is only part of the puzzle here, to be sure.
Yet agree or disagree, love it or hate it, Milady has a countercultural flair that makes it appealing in a way many other NFT projects aren't right now, and there's certainly a lesson in that!
📰 General news
- Bitwise minted its national TV spot as an NFT
- ENS published its 5-phase ENSv2 roadmap
🎨 Cryptoart & music
- BasePaint launched a $NOUNS round on rounds.wtf
- Highlight introduced sponsored mints
- imgnAI is moving its staking program to Base
- Zora updated its feed system
🏆 Digital collectibles
- Doodles is migrating The Stoodio to Base
🎮 Decentralized gaming
- Fantasy unveiled Tactics, a new strategy-based social betting game
- Goblintown created an Escape Goblintown level in Roblox
- MagicBlock demo'd its Solana onchain game engine
- MetaStreet launched its Rocket Rush game on Farcaster
- Parallel is kicking off Parallel League next month
- Pixels rolled out Chapter 2 gameplay
- Ronin introduced Ronin zkEVM
- Starknet announced the 1st projects in its Propulsion Program
📱 Onchain social
- Drakula now auto-mints all videos via Zora
- Foundation is building Rodeo, a new Farcaster client
- Orb announced a 1M $BONSAI Club Treasury Boost campaign
🪙 NFTfi
- NFTfi.com launched Season 4 of its Earn program
- Wasabi Protocol raised a new seed round led by Electric Capital
🌐 Virtual worlds
- Decentraland published the fairgrounds map of its upcoming Game Expo event
Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.
- 🎮 They Did It Again - Nounsletter
- 🧮 Introducing the Tally Protocol - Tally
- 🪙 In Search of Token-Market-Fit - Mark Beylin
- ❓ ENSv2: Frequently Asked Questions - ENS
- 📱 Why Don't You Add This Feature Or Setting? - Dan Romero