PHOCKHEADS, Series 0, started as a Bitcoin parody of Namecoin’s BLOCKHEADS.
The interesting thing about the project is that PHOCKHEADS began regularly utilizing Counteparty’s dividends feature to distribute subassets to holders of the grail card which is the PHOCKHEADS token.
With Series 2, PHOCKHEADS evolved to be community-run, composed of multiple grail cards by top Counterparty artists.