I don't think Factom fears a lot of competition from NEM. The team behind Factom is imo outstanding compared to NEM, as well as the investors behind Factom. That combination gives Factom a real advantage. Besides this I think in this world there is room for more than one player indeed. Just too bad Factom hasn't reacted yet to the news about the Gates Foundation working with them. I would expect Factom to respond to this as it would be odd if this topic was totally fake by Coinjournal. 2016 still has some good stuff to bring for Factom I think. It's all a matter of patience. Factom is a well established company now and sooner or later the value of the token will take off as the amount of clients will grow with the development of the technology.