Crypti Foundation released on 23rd of December their first DApp (Decentralized App), Crypti Tokens, that allows users to issue custom tokens and to send and receive them on the Crypti Tokens sidechain.
The Crypti Foundation team has grown from the original 5 members, and aims to build a Decentralized Application Platform that is useable, safe and economic, and thus falls in direct competition to the Ethereum project.
http://cointelegraph.com/news/115967/first-crypti-dapp-crypti-tokens-allows-developers-to-issue-send-and-receive-colored-coins