(Los Angeles, CA / October 17, 2024) – Utherverse, in partnership with UTHX DAO, Inc., announces the early success of its utility token $UTHX, which has risen from a presale price of $0.05 to over $0.60 on September 28, offering early investors over 12x returns.
With over 2,000 wallet holders on board and a fully diluted market cap already exceeding $1.5 billion USD, $UTHX is paving the way for wider adoption. CoinMarketCap listed the token this week, and Jupiter decentralized exchange and Solana plan to establish $UTHX as the token’s official symbol by the end of October.
“This is an unheard of return in the current market. UTHX is defying bear market trends, and in particular the bear market for new token offerings,” said Brian Shuster, Chairman/CEO of Utherverse, emphasizing that “metaverses will become the dominant form of human interaction in the coming years. We built Utherverse as the Internet of Metaverses: an interconnected network that welcomes all users and creators to participate.”
Since 2004, Utherverse has been at the forefront of metaverse innovation, serving more than 50 million users with a global network built on Unity and supported by a portfolio of 85 patents. The $UTHX token represents the next step in the company’s evolution, offering app-driven transactions, staking options and rewards that promote user engagement in interconnected virtual worlds.
To learn more about $UTHX and explore Utherverse, visit Utherverse.io and follow the platform on @uthervers.
ABOUT BRIAN SHUSTER:
Brian Shuster is a futurist, innovator and one of the pioneers of the internet. He has developed and been issued more than 110 patents and pending patents on a wide range of Internet and computer technologies.
In 1995, Shuster founded his first Internet company, Worldwide Internet Network, which developed and implemented the first commercial advertising network on the Internet, and pioneered the use of banner advertising and banner ad exchange systems. Many of Shuster’s technologies are now widely used across the spectrum of almost all other Internet companies. Shuster’s patents cover a wide range of technology areas, such as Metaverse, VR headsets, Haptics and Adaptics™, and core Internet technologies – ranging from Internet operations to advanced and broadly applicable advertising modalities.
Over the past twenty years, Shuster’s visionary work in VR has solved critical “show-stopping” problems underlying the operation and expansion of the metaverse. His work is fundamental to the structure of the metaverse and has been featured in many industry and general news outlets including CNN, Forbes, Venture Beat, MSNBC.comYahoo, Wired News and many others.
Shuster is currently the CEO of Ideaflood, Inc., an intellectual property development and holding company, and Utherverse Digital, Inc., the world’s leading Virtual World software development company with millions of registered users and global franchise operations. He is an industry thought leader and the core of the Utherverse team.
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PRESS AND MEDIA CONTACT: Brian S. Gross | BSG-PR | 818.340.4422 | brian@bsgpr.com | @bsgpr
