NILICoin or art coin was launched on the Counterparty Bitcoin side-chain in Sep 2014. It aimed to create an art work type protocol, where assets could be issued against BTCs and traded. The official description notes “NILIcoins are created to promote a competitive credit-provides ecosystem. A decentralized monetary system based on cryptocurrency will employ production power, trade volume, and social networks. This creates an independent coin market. A market which will then have the power to offer a viable and sustainable alternative for the monopoly of bank credit.”
Given their history, they are number four on the list of the top 5 historical NFT collections on Bitcoin / Counterparty. You c...