NEM calls itself the smart asset blockchain. What does that mean? NEM was an acronym of the phrase New Economy Movement and was founded by a Singapore-based non-profit organization. NEM implements a Proof-of-Importance blockchain. It gives more weight to those who are more invested in the ecosystem. NEM’s main aim is to develop smarter and more technologically advanced blockchain than its predecessors. According to the technology news from the Investopedia, NEM doesn’t want to be considered just like another altcoin, and also not just like another blockchain. In some indirect way it states that it is superior and unique from the rest of the cryptos. It seeks to enable an efficient hustle-free way to manage data easily and at lower transaction fees or costs.