Utherverse to Launch Functional NFTs in Virtual 'Big Reveal' Event

Utherverse to Launch Functional NFTs in Virtual 'Big Reveal' Event

CARSON CITY, Nev. — Utherverse will officially debut its functional non-fungible tokens (fNFTs) with a virtual party on Thursday.

A company rep explained that at the live launch party, gen 1 and gen 2 trunks will become unlocked for the first time since they were minted. Attendees will be able to open their fNFT trunks to reveal the contents: an avatar wardrobe and metaverse real estate of varying rarity. Each trunk, designated as male or female based on the clothing and accessories it contains, will reveal a key when opened. This key, an NFT, grants access to an apartment in the central residential building in the main plaza of Utherverse. The keys will randomly determine one of four apartment types: Deluxe, Luxury, Sub-Penthouse or Penthouse.

This reveal, the company rep said, “marks a significant milestone in Utherverse's journey into the Web3 era. By integrating fNFTs, Utherverse transforms digital assets into unique, valuable pieces of the virtual economy, enabling users to buy, sell and trade with the assurance of authenticity and ownership. Coupled with VR technology, these assets are not just seen but experienced, creating a sense of presence and immersion that deepens the connection between users and their virtual possessions. This fusion of fNFTs and VR redefines the metaverse experience, offering users a fully immersive, blockchain-powered universe where digital interactions are secure, authentic and user-driven.”

The main difference between fNFTs and traditional NFTs is their functionality and utility, the company rep noted.

“fNFTs have inherent functionality, allowing them to be used, combined, traded and created within the Utherverse platform, representing dynamic and interactive digital assets,” the rep continued. “In contrast, traditional NFTs are typically static, representing ownership or proof of authenticity without inherent functionality. fNFTs enable users to customize avatars, decorate virtual spaces, participate in virtual commerce and engage in various in-world activities.”

The rep added that fNFTs function within the metaverse by offering interactive and dynamic elements not available with traditional NFTs, such as customizing avatars, participating in commerce, and engaging in various in-world activities.

“The June 20 event is a pivotal moment for Utherverse in showcasing its state-of-the-art approach to integrating fNFTs,” the rep concluded. “This launch aims to enhance the user experience and set a new standard for digital interaction and economic engagement in the metaverse.”

For more information, visit Utherverse.io.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

FSC Publishes Analysis of Federal Trade Commission Event Promoting AV

Free Speech Coalition (FSC) has published an analysis of a Federal Trade Commission (FTC) event held this week that promoted age verification among other forms of speech regulation.

GirlsDoPorn Owner Michael Pratt Pleads Guilty to Sex Trafficking

Michael Pratt, former owner of the rogue website GirlsDoPorn, pleaded guilty in the U.S. District Court for the Southern District of California on Thursday to sex trafficking and conspiracy to commit sex trafficking charges, according to a report by City News Service.

Master Nico Relaunches Site Through YourPaysitePartner

Master Nico has relaunched his official website through YourPaysitePartner (YPP).

Federal Judge Grants Partial Halt of Florida AV Law

The United States District Court for the Northern District of Florida, Tallahassee Division, has granted a preliminary injunction against HB 3, the state's age verification law, as a lawsuit filed by two online trade associations challenging the law makes its way through the courts.

Aylo Releases Statement on Suspending Access to Pornhub in France

Technology and media company Aylo, which operates adult sites including Pornhub, YouPorn, and Redtube, has released a public statement regarding its decision to block access to its sites in France.

Pineapple Support to Host Wellness Sessions at Bucharest Summit

Pineapple Support is hosting free group and one-on-one therapy sessions at Bucharest Summit, June 3-5.

Pornhub Blocks Access in France in Response to SREN Law

Pornhub parent company Aylo has opted to block access to its sites in France rather than comply with age verification requirements under the country’s Security and Regulation of the Digital Space (SREN) law.

ASACP Highlights Study on Parental Controls

The Association of Sites Advocating Child Protection (ASACP) is highlighting the results of a study on the underutilization of parental controls.

Sydney Screams Launches New Site Through Grooby's Blue.xxx

Sydney Screams has launched her new membership site, SydneyScreams.xxx, through Grooby's website management company Blue.xxx.

Mistress Mystii Is LoyalFans' 'Featured Creator' for June

LoyalFans has named Mistress Mystii as its Featured Creator for June.

Show More