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

Sara Jay, Dan Leal to Sponsor XBIZ Amsterdam Kick-Off Event

Sara Jay’s Wyde Syde Productions and Porno Dan Leal’s Market64 will co-sponsor the Bottoms Up Day Drinking kick-off event for XBIZ Amsterdam 2025 at Excalibur Café on Sept. 2, from 2-4 p.m. (CET).

AEBN Publishes Report on DP Trends

AEBN has published a report on DP and extreme penetration categories from its straight and gay theaters.

Free Speech Coalition Appoints Megan Stokes to Board of Directors

The Free Speech Coalition (FSC) announced today that it has appointed Megan Stokes to its Board of Directors.

FansRevenue Acquires DivaTraffic

FansRevenue has acquired web traffic service DivaTraffic.

AEBN Announces Peter Green as Top Male Boy/Girl Performer for Summer 2025

AEBN has revealed its top 10 male Boy/Girl performers for summer 2025, with Peter Green landing atop the leaderboard.

Spicey AI Relaunches Site, Debuts $Spicey Tokens

Interactive voice chat platform Spicey AI has relaunched its website and introduced $Spicey tokens.

FSC: Missouri Age Verification Rule Will Not Take Effect August 30

The Free Speech Coalition (FSC) announced that Missouri's proposed age verification legislation will not take effect on August 30, as it had originally estimated.

Little Caprice, Marcello Bravo to Co-Host 2025 XMA Europa Awards

XBIZ is pleased to announce that husband-and-wife duo Little Caprice and Marcello Bravo will co-host adult’s biggest night in Europe: the 2025 XMA Europa Awards on Sept. 4, in the epic climax to XBIZ’s fall events series.

Germany Will Block Payments to AV-Noncompliant Adult Sites as of Dec. 1

Starting Dec. 1, Germany will implement new rules prohibiting financial institutions from providing payment services to adult sites deemed to have inadequate age verification systems and making it easier for the government to target websites mirroring the content of such sites.

Jerkmate Joins Pineapple Support as Partner-Level Sponsor

Jerkmate has joined the ranks of over 70 adult businesses and organizations committing funds and resources to Pineapple Support.

Show More