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What is Milady? The Edgy Ethereum NFT Community With Vitalik Buterin’s Support

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Originating as an NFT community, Milady and its surrounding ecosystem has become one of the most culturally significant groups in Ethereum and crypto as a whole.

Over the years, notable figures have joined or interacted with the community, including the likes of Elon Musk and Ethereum co-founder Vitalik Buterin.

Known for its edgy humor, layers of irony, and cult-like mentality, the Milady community has defied many attempts to decipher what on earth is going on in its self-referential world. At its most broad, the community spans multiple NFT collections, meme coins, global raves, a Minecraft server, and long philosophical texts.

This has led many, including the likes of alt-right political commentator Nicholas Fuentes, to attempt to engage with the community, only to get lost in a maelstrom of memes.

Don’t worry though—over the years, we’ve become experts on the topic. Here’s what you need to know.

What is Milady?

Milady (also referred to as Milady Maker) is an NFT collection created by the Remilia Corporation in August 2021. The profile pictures feature cute Chibi anime style characters with huge glossy eyes, each with an individual “drip” score and grade. It’s believed the Milady character was inspired by Hororo from the anime series “Bottle Fairy.”

While at its core Milady is a profile picture NFT project, the Milady ethos rejects much of what is to be expected of this sector. For starters, to be a Milady you don’t have to buy an NFT—just change your profile picture on X (formerly known as Twitter), sparking the meme that simply changing your profile picture to a Milady will change your life.

Remilia as an ecosystem also includes a quarterly magazine, other derivative NFT projects like Remilio Babies, a record label, and more. While not technically under the Milady umbrella, much of the Remilia ecosystem overlaps with the Milady NFT community—both through its members and cultural approach.

On top of this, there is a Milady Minecraft game server—called Miladycraft—which acts as a social hub for its community members as well as a thoughtful art piece on the state of modern gaming and society.

In December 2024, the Milady Cult Coin (CULT) launched on Ethereum as the official token for the project—after numerous related tokens were launched but never officially endorsed.

This came after six months after a pre-sale that the project’s leaders and community members trolled as a scam. This was done through spamming “Don’t worry about it” to anyone that asked what was happening, followed by a stream of deep-fried AI-generated memes.

But really, Milady is a mindset and a philosophical outlook on life. Much of the Milady ethos comes from the writings of Charlotte Fang, the founder of Remilia Corporation.

Who is Charlotte Fang?

Charlotte Fang is the pseudonymous founder and CEO of Remilia Corporation, and in turn the leader of the Milady Cult. Fang mostly goes by he/him pronouns, but told Decrypt that she/her can be used depending on the “vibe” that you’re feeling.

A series of blog posts on Mirror.xyz have afforded readers a glimpse into the controversial founder’s philosophical and sociological views.

A foundational concept for Fang and the wider Milady community is “network spirituality,” which broadly refers to the cultural connections embedded through internet memes and references—encouraging the embrace of the digital self.

In another blog post titled “The Cancelled Will Inherit the Earth,” Fang philosophizes on the current state of cancel culture. He argues that there will soon be a time where every person with a notable following will have been canceled in some way, leading to the canceled taking over culture.

As such, Fang argues the case for “pre-canceling” yourself, for example, by intentionally saying slurs—he believes this is “punk.” This may explain some of the controversial things that Fang and Milady members have said online. As a result, Fang has become one of the most polarizing founders in crypto—which was further exacerbated by a 2022 controversy.

The Miya controversy

In 2022, the co-founder of DeFi Llama, 0xngmi, exposed Fang as having posted alt-right extremist content under the pseudonym Miya. 0xngmi alleges that under the Miya pseudonym, Fang was posting racist and homophobic content, as well as having inappropriate relationships with minors suffering from eating disorders.

At first, Fang tried to distance himself from Miya, but eventually caved in and admitted his involvement. In an X post, he said that his real views “hold no room for hate” and that he detests abusers and groomers.

Fang explained in a blog post that he ran the account with other contributors between 2019 to 2020 as a “performative identity,” masquerading as an AI writing from a “post-human” world with a “schizotheory” writing style. With this, Fang and the other Miya contributors had a “taste for engaging in problematic content” exploring fringe ideologies until their “logical conclusions as a form of critical satire.”

Miya has now become another pillar of the Milady lore, with cult members embracing the controversy and impact rather than ignoring its relevance. In many ways, the industry-wide cancellation of Fang and the Milady project as a result of the Miya controversy only led Fang’s followers to lean further into the Milady philosophy.

“Woke censorship had its run and made for dreadful culture through the late 2010s, but the undercurrent of revolutionary irreverence will always be cooler than normalizing counter-pressure,” Fang wrote in a blog post almost a year later. “Consider how the first thought anyone who hears about Miya being a LITERAL NAZI ANOREXIA CULT LEADER is: Cool.”

Despite the controversy and wider fall of the NFT market, Milady continues to be culturally relevant in the crypto space. In 2023, Tesla founder Elon Musk posted a Milady meme, causing its price to spike. Then in 2025, Ethereum founder Vitalik Buterin donned a Milady profile picture in what many believed was a vibe shift as he entered “wartime mode.”

Milady is confusing, controversial, and bizarre—but it’s not something you can ignore.

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Getting Started With MYRIAD – Decrypt

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Now available on Abstract, MYRIAD is the evolution of Decrypt and Rug Radio’s interconnected media ecosystem, integrating on-chain prediction markets into news stories and creator content.

Here’s how it works, and how to get started.

What is MYRIAD?

MYRIAD is a new platform that integrates prediction markets alongside written and video content from Decrypt and Rug Radio—enabling new forms of reader engagement, opening up new business models for publishers and content creators, and ultimately aiming to rebuild user trust in media.

How to get started with MYRIAD

Creating an account

  1. Head to myriad.markets.
  2. Click “Install MYRIAD Extension.”
  3. You’ll be sent to the Chrome Web Store, where you can click “Add to Chrome” to download the MYRIAD extension.
  4. Head back to myriad.markets and click “Sign in with Abstract.” You can choose whether you want to register or sign in using an email address or wallet.
  5. Check your email for the verification link, then click through to set up your profile.
Image: MYRIAD

Finding your way around MYRIAD

Once you’ve registered for MYRIAD, head to myriad.markets to view the main hub for MYRIAD activities. Along the top of the page you’ll see several options:

  • Markets: Your hub for hot markets and activity.
  • Earn: Take part in MYRIAD Quests to earn points.
  • Leaderboard: See how you stack up against others
  • News: View the latest news stories and related prediction markets.
  • Portfolio: Track your points and active predictions.
Image: MYRIAD

What are MYRIAD prediction markets?

MYRIAD’s on-chain prediction markets are the heart of the platform, enabling users to back their calls on real-world events with Points. Those events can include anything from sports and crypto to gaming and politics.

As more people take part in the prediction market, the odds shift in real-time, indicating what outcome the community thinks is likely to happen.

MYRIAD’s prediction markets are made up of “shares” with values ranging from between 0 to 1 points, with its value correlating to the percentage chance of it winning. So if a share for outcome A in a prediction market is valued at 0.53 points, the market reckons that outcome A has a 53% chance of happening.

When the market resolves, the price goes to 1 point a share for whichever outcome took place; thus, the lower the odds of something happening, the cheaper betting on it becomes—and vice versa.

There are two types of market on MYRIAD: points markets and USDC markets.

Points markets

Points are MYRIAD’s in-platform currency and have no real-world monetary value. They can be used to take part in prediction markets and measure your success on the MYRIAD platform. Within prediction markets, points serve as a measure of your confidence in the outcome, and track your reputation for making successful predictions (or not!).

MYRIAD points can be earned by participating in different activities throughout the ecosystem, such as connecting your social media accounts, reading stories on Decrypt and watching Rug Radio videos.

You can also earn points through completing MYRIAD Quests, which set a series of linked tasks such as reading a Decrypt story and then completing a quiz based on it, with points awarded for completing each task.

Image: MYRIAD

USDC markets

Launched in March 2025, USDC markets enable MYRIAD users to make predictions on the platform using USDC, a regulated stablecoin backed 100% by U.S. dollars and dollar-denominated assets and redeemable 1:1 for U.S. dollars.

Within prediction markets, USDC enables users to stake real money on the outcome of predictions, increasing the accuracy of predictions and sentiment tracking. MYRIAD generates revenue through taking a percentage on the volume of markets, underpinning its new revenue model for media and creator content.

How to take part in MYRIAD prediction markets

To take part in MYRIAD prediction markets, you’ll first need to have installed the MYRIAD Chrome extension, which you can download at myriad.markets.

Relevant MYRIAD prediction markets appear embedded alongside Decrypt and Rug Radio content. You can also view Featured Predictions within the Chrome extension.

Image: MYRIAD

To view all MYRIAD prediction markets, click “Visit Dashboard” within the extension and then click “Markets.”

Image: MYRIAD

Regardless of how you’re viewing a prediction market, participating is simple: simply click the button under the market corresponding to the outcome you think is more likely to happen, and type in the number of points or USDC you want to bet. There are buttons to bet 5%, 10% or 100% of your holdings. Once you’ve selected how much you want to bet, click the button below the market to bet them.

Image: MYRIAD

You can also click on the title of any market to go through to its page, which provides a chart showing how betting intentions have varied over time, along with the rules for resolving the market.

Image: MYRIAD

If an event is cancelled, you’ll get your stake back, or MYRIAD will settle based on whatever official information is available.

Using USDC on MYRIAD

In order to use USDC on MYRIAD, you’ll need to fund your wallet on Abstract.

Navigate to abs.xyz.

Select “Enter Portal” in the upper right hand corner of the screen.

Click on “Fund.”

You can either purchase USDC directly from Coinbase or Moonpay, bridge USDC from another chain, transfer funds from a centralized exchange or send funds manually.

To bridge USDC from another chain, click “Bridge” to open multi-chain bridging service Jumper. Click “Connect wallet” to link your existing wallet to Jumper, and enter the amount of the token you’d like to send. Select USDC.e on Abstract.

Alternatively you can select “Centralized exchange” to transfer ETH from exchanges such as Binance or OKX to a one-time address on zkSync Era. Copy the deposit address and paste it into the send field on your exchange, or use the QR code, making sure to send funds on zkSync era.

If you hold assets other than USDC on Abstract, you can use the “Trade” function in the Abstract portal to swap them for USDC.e on Abstract.

Click on “Trade,” then search for USDC.

Click on “USDC.e” to bring up the USDC page.

In the “Trade” window, select the token you’d like to sell for USDC, and click “Review” before approving the transaction.

Help! Something’s not working!

If you encounter a bug or other issue, let us know by filling out our support form.

How does MYRIAD protect my account?

MYRIAD is committed to providing a safe, secure experience for users. Your account is protected by:

  • Secure authentication using email or wallet login.
  • Blockchain-based security for transparent and secure transactions.
  • Data encryption to protect your information.

To try MYRIAD now, head to myriad.markets.

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How to Prepare for Monad: The High-Speed EVM Layer-1 Blockchain

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A new layer-1 blockchain is set to rival Ethereum and Solana. Here’s how you can prepare. 

After years of building and more than $225 million raised, Monad officially unveiled its testnet on February 19. 

The high-performance Ethereum Virtual Machine layer-1 network aims to rival the speed and scalability that Solana offers, while interacting with the vast Ethereum ecosystem and its applications and protocols. 

It does so by using parallel execution, in other words, executing transactions that don’t depend on each other at the same time, boasting more than 10,000 transactions per second in the process. 

Before the highly-anticipated debut of its mainnet, here’s how you can prepare for Monad. 

Dig deep on testnet

The Monad Testnet is the first version of the network that is publicly available for users. On day one of its start, a variety of apps and protocols were available, allowing users to get a feel for the upcoming mainnet while potentially earning along the way. 

The project encourages users to engage with Monad’s testnet using a fresh browser, and fresh wallet for the most secure experience. 

Acquiring testnet tokens

To interact on testnet, users will need testnet Monad tokens which users can acquire from the Monad faucet. Testnet tokens do not have any economic value, but allow individuals to facilitate transactions with apps and protocols on the development network. 

The faucet allows any EVM address to claim Monad testnet tokens every 12 hours. Those with a verified role in the Monad Discord may be eligible to claim a larger share of tokens when using the faucet. 

Additionally, in the hope of getting users to engage with Monad testnet, the project sent more than 8.8 million EVM addresses some testnet tokens in advance based on their on-chain activity with other blockchains. 

To check your balance, users can add the Monad Testnet to any EVM compatible wallet. Some popular wallets, like Phantom and Backpack, already provide native support for Monad and its testnet. 

Engage with apps on testnet

Monad’s testnet has a robust ecosystem of apps, which can all be found in the network’s directory. In addition to gaining familiarity with the user experience of the highly-anticipated blockchain, users may also be eligible to earn from points programs or NFT whitelists by participating with the applications. 

Gaming

Monad’s testnet is home to a handful of gaming applications, some of which are native only to Monad–like Rug Rumble, a gamified memecoin trading experience and LootGO, a walk-to-earn social app. 

Other gaming apps on the chain include Plato, Anterris, and the popular Ethereum social fantasy game, Fantasy Top.

NFTs

Monad has been vocal about its intentions for a successful NFT ecosystem, partnering with an NFT ambassador as early as April 2024 and hosting NFT hackathons as recently as January 2025. 

As such, the network is already partnered with major NFT infrastructure players like OpenSea and Magic Eden, who will be ready to support collectible endeavors from day one. 

A variety of testnet NFTs like MonBois, Skrumpets, and LaMouch have already minted and can be traded. Plus, whitelists from collections like MeowwNads, Chog, and others can be earned via testnet activity.

Social, betting, meme coins and more 

More consumer focused applications–like prediction markets, social applications, and token launchpads are also available on testnet. 

Examples include Kizzy, Nad.fun, and Bean Exchange

What benefits exist for gaining exposure to Monad? 

In December, the network officially unveiled the Monad Foundation, an independent organization designed to propel the future “development and adoption” of the Monad blockchain. 

Though it is not explicitly stated, the creation of a foundation in Web3 is often followed by the creation and distribution of a token. Furthermore, with the unveiling of its development network and “testnet MON” tokens–users are continuing to speculate on a Monad token airdrop. 

However, no official information has been provided thus far, and participating with testnet is not a guarantee of any future rewards. 

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What Are Pudgy Penguins? The Ethereum NFT Collection and Toy Brand

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Since gracing the cover of the New York Times, Pudgy Penguins have been on a rollercoaster ride. Originally a cute profile picture NFT collection, Pudgy Penguins endured the ousting of its founder before finding mainstream success, with licensed toys landing on the shelves of Walmart and Target stores nationwide. 

Launched amid the NFT boom in 2021, the collection and its ecosystem of companions has become the face of Web3, garnering millions of social impressions and exploding beyond the relatively small sector of crypto participants on X (formerly known as Twitter). 

Here’s everything you need to know about Pudgy Penguins. 

What are Pudgy Penguins?

A collection of 8,888 flightless bird NFTs, Pudgy Penguins first launched in July 2021, selling out shortly after launch for a price of 0.03 ETH, or around $90 at the time, according to data from NFT Price Floor. 

The collection quickly gained acclaim, gracing the cover of the New York Times in August 2021 after columnist Kevin Roose shared his experience in “joining the Huddle.” 

In just a few months after its mint, the collection held a floor price, or the lowest listed asset on the marketplace, of more than $6,000 according to NFT Price Floor. That price would dip towards $1,000 through the next six months amid the subsiding of NFT mania and some unrest within its community, leading to the ousting of its founder and a leadership turnover. 

All change at the top

Restlessness in the Pudgy Penguins community grew throughout the early months of 2022 in part due to criticisms of its project founder, Cole Villemain, who goes by ColeThereum on X. 

Allegations of mismanagement and more led to distrust between the founding team and the community. 

As displeasure with the team grew increasingly loud, the project held a community vote which led to the removal of Villemain and takeover offers from the community. 

One offer came from Netz Capital’s Luca Netz, who publicly offered around $2.5 million, or 750 ETH, in January 2022. 

Months later, that offer was accepted and Netz purchased the project and its intellectual property for the amount, tweeting that he was “looking forward to spreading love.” 

After Netz’ acquisition, the Pudgy Penguins floor price quickly rebounded, jumping from about $4,300 on the day of the announcement to $8,900 three days later. 

Under new leadership, the project quickly installed a new roadmap and began the journey to establishing itself as a leading NFT project. 

Pudgy Penguins: from NFTs to toys

One of the first major initiatives led by the new leadership was launching a Pudgy Toys line. 

The project announced its intentions to work with PMI Toys in July 2022, for which it licensed Pudgy Penguin NFTs via its OverpassIP project, allowing holders to directly benefit from the usage of their Pudgy NFTs in commercial endeavors such as the physical toys. 

The first toyline launched in May 2023 and could be purchased directly on Amazon, but it later expanded to include major retail partnerships with Walmart, Target, Walgreens, and more. 

Just a year after rollout, Pudgy Toys had sold more than 750,000 units, according to the company, bringing in more than $10 million in the process. 

Building the Pudgy Penguins brand

Since Netz took over the Pudgy Penguins have been hard at work to reach as many eyeballs around the world as possible and proliferate the brand. 

One major focus for Pudgy Penguins has been in growing its social media channels to reach more consumers. The project had around 100,000 Instagram followers in July 2022, but it has since increased that following to 1.7 million as of January 2025 while amassing more than 39 billion GIF shares, according to data from GIPHY

Efforts to spur the brand even further were buoyed when it raised $9 million in 2023 shortly after signing with talent agency WME

Since that time, it’s also gone on to notch collaborations with brands like PEZ, CD Castellon, and Last Crumb (as well as MYRIAD, the prediction market from Decrypt’s parent company DASTAN).

PENGU: The Pudgy Penguins token

In November 2024, the project announced it would launch an ecosystem token on Solana as a way to better align incentives between the brand and its fans. The PENGU token was claimable for Pudgy Penguin NFT holders and a wide range of other Web3 communities and active crypto participants. 

The token launched in December 2024, granting holders of Pudgy Penguins NFTs with 1.7 million PENGU tokens, worth more than $100,000 at the token’s all-time high as recorded by CoinGecko.

Beyond Pudgy Penguins: the other NFTs

It’s not just “big Pudgys” that make up the Penguin NFT ecosystem. 

Lil Pudgys

The Pudgy Penguins ecosystem first grew with the launch of Lil Pudgys. 

A companion was claimable for free for each of the 8,888 Pudgy Penguins NFTs, with another batch of Lil Pudgys going on sale to the general public for a total of 22,222 smaller versions of the original NFT. 

In January 2023, the collection went “cross-chain” as part of the project’s partnership with interoperability platform LayerZero. Holders were able to transport their Lil’ Pudgys via a bridge in an effort to expand the Penguin IP. 

“By enabling the Lil Pudgys to go cross-chain, we’re setting up the Pudgy Penguins ecosystem to reach millions of people,” the project wrote

Lil Pudgys can bridge from Ethereum mainnet to Arbitrum, Polygon, or Binance Smart Chain. 

Pudgy Rods (Rogs) 

Pudgy Rods are a collection of fishing rod NFTs that were gifted to Pudgy Penguin holders in 2021. 

The collection was initially named “Pudgy Presents,” but later changed to Pudgy Rods after fishing rods hatched from the eggs which previously populated the metadata for the NFTs. 

The mismatch of fishing rods hatching from an egg was met with confusion from the community and added to the tension between the founding team and ecosystem participants that arose in late 2021. 

Since that time, the Rods have found their home as the third NFT in the Pudgy hierarchy, granting holders similar benefits to those of the original Pudgys, like a PENGU token claim, albeit at smaller scales. 

The future of Pudgy Penguins

Though the project already has big accomplishments under its belt, Netz has big plans for the project in the future. 

The project’s parent company, Igloo Inc., is actively building out Pudgy Worlda Web3 playground and storytelling universe that houses mini-games and customizable Penguins with a direct link to Pudgy Toys, which provide a QR code to get new users onboarded. 

Beyond Pudgy World, the project is also working on Pudgy Party, a mobile royale game built together with Mythical Games.

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