(Los Angeles, CA / October 17, 2024) – Utherverse, in conjunction with UTHX DAO, Inc., announces the early success of its utility token $UTHX, which has soared from a presale price of $0.05 to over $0.60 since its initial launch on September 28, offering early investors over 12x returns.
With over 2,000 wallet holders onboard and a fully diluted market cap that already exceeds $1.5 Billion USD, $UTHX is setting the stage for broader adoption. CoinMarketCap has 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 market trends of the bear market, and particularly the bear market for new token offerings,” said Utherverse Chairman/CEO Brian Shuster, emphasizing that “metaverses will become the dominant form of human interaction over the next few years. We’ve built Utherverse as the internet of metaverses—an interconnected network that welcomes all users and creators to participate.”
Since 2004, Utherverse has led the way in metaverse innovation, serving over 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-controlled transactions, staking options, and rewards that promote user engagement across interconnected virtual worlds.
For more information on $UTHX and to explore Utherverse, visit Utherverse.io and follow the platform on X @utherverse.
ABOUT BRIAN SHUSTER:
Brian Shuster is a futurist, innovator and one of the pioneers of the Internet who has developed and been awarded well over 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, that developed and deployed the first commercial advertising network on the Internet, and pioneered the use of banner advertising and banner advertising exchange systems. Many of Shuster’s technologies are now widely used across the spectrum of nearly 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 widely deployed advertising modalities.
Over the past 20 years, Shuster’s visionary work in VR has solved critical “show stopping” problems behind the operation and expansion of the metaverse. His work is foundational to the very fabric of the metaverse and has been featured in many industry and general news outlets, including CNN, Forbes, Venture Beat, MSNBC.com, Yahoo, 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 premier Virtual World software development company with millions of registered users and worldwide franchise operations. He is an industry Thought Leader and the Nucleus of the Utherverse Team.
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PRESS AND MEDIA CONTACT: Brian S. Gross | BSG PR | 818.340.4422 | brian@bsgpr.com | @bsgpr
