Utherverse

Utherverse Digital Inc. is a software development company specializing in the metaverse. Founded in 2005 by internet pioneer Brian Shuster, the company has a long operational history in virtual worlds, predating many of its current competitors. Shuster, who serves as CEO, previously founded one of the first internet ad networks in 1995 and holds numerous patents related to core internet and metaverse technologies. The company's main software and IP development unit is Utherverse Digital, Inc., a Canadian corporation based in Vancouver.

The company is developing its fourth-generation platform, an interoperable and synchronous virtual universe intended to unify various metaverse offerings. This platform includes the proprietary XAEON browser, which allows users to access all interconnected metaverses from a single application, functioning as a metaverse search engine. Utherverse provides a Metaverse-as-a-Service (MaaS) offering, which includes tools and technologies for third parties to create and operate their own virtual worlds. Users and creators can design and sell functional NFTs (fNFTs), which are dynamic tokens representing goods with utility within the Utherverse, such as virtual clothing or devices.

Utherverse's business model is diversified, generating revenue through multiple streams including custom metaverse building services, sales of fNFTs, virtual land sales and rentals, VIP subscriptions, advertising, event ticket sales, and e-commerce commissions. The platform serves both B2B and B2C clients, providing virtual environments for entertainment, online dating, business, and education. The company has been primarily funded by its founder, with over $40 million invested in development, and has more recently raised funds through equity crowdfunding campaigns.

Keywords: metaverse platform, virtual worlds, interoperability, Metaverse-as-a-Service, MaaS, Web3, virtual commerce, fNFT, functional NFT, XAEON browser, Brian Shuster, virtual economy, 3D worlds, virtual events, digital assets, virtual land, social gaming, virtual reality, decentralized platform