The MadLads NFT project has surpassed the Bored Ape Yacht Club in market capitalization, marking a significant achievement in the NFT space. This was highlighted by a notable increase in value, with over $5000 worth of wormholecrypto unlocked on the first day and more than $20K locked. The success of MadLads has been attributed to strategies similar to those pioneered by Memeland, which has managed to retain its NFT value over time. The community's reaction has been overwhelmingly positive, with many expressing gratitude towards wormholecrypto for their contributions to the project's success.