Colored coins are not dead, they just smell funny.

I've implemented a new client from scratch in last three weeks or so. It's not complete yet, but already can issue, send and receive colored coins.

You might ask why it wasn't done before... Well, a lot of time was spent on design and decision making. We already had several half-assed clients, so we needed to make a proper one this time.

We simply did not know how to implement it in a modular and flexible way, so if we tried to standardize what we had back then, we'd end up with one shitty kind of colored coins.

But now we have a modular architecture which allows multiple coloring schemes to co-exist, so if we'll develop a better one we can just add it to existing infrastructure.