Raydium Foundation and Utherverse Finalize Agreement That Resolves Trademark Conflict

NEW WESTMINSTER, British Columbia - EntSun -- Utherverse, described by Business Wire as "one of the largest metaverse platforms in the world," announced today that a final deal has been signed between the company and the Raydium Foundation. This organization supports Raydium, a major automated market maker and liquidity platform on the Solana blockchain. While the specific terms of the agreement remain confidential, the parties have outlined immediate operational steps that reflect the agreement's intent and scope.

As part of the agreement, Utherverse, owner of the "RAYS" trademark, has granted a license to Raydium, resolving the conflict created by the similarity between "RAYS" and the "RAY" token symbol and the uncertainty it posed for exchanges, listing services, and token holders. Utherverse has also increased liquidity support for its token, $UTHR, by adding new capital and expanding liquidity pools, the on-chain token reserves that enable direct trading between assets. This includes a new pool that allows users to purchase $UTHR directly with $RAY.

These trades occur on decentralized exchanges (DEXs), which are on-chain platforms that enable token swaps without intermediaries, meaning third parties that would normally execute or control trades, all operating on the Solana blockchain, a high-performance network designed for fast, low-cost decentralized transactions.

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This agreement also coincides with Utherverse's dismissal of lawsuits previously filed against CoinMarketCap and CoinGecko. The litigation and its resolution have contributed to broader industry clarity around how token symbols and trademark rights intersect across the digital-asset landscape.

"We are pleased to have reached a constructive resolution that supports RAY token holders, UTHR token holders, and organizations participating in the Solana ecosystem," said Brian Shuster, CEO of Utherverse.

"As Web3 matures, legal infrastructure will be essential for reducing regulatory uncertainty and unlocking value for builders and users," said Aaron Wright, Professor at Cardozo School of Law and Co-Founder of OpenLaw (Decrypt, September 2022, SourceOpens). Furthermore, he said, "We need frameworks that provide clarity and flexibility so DAOs can experiment while protecting participants and staying compliant (Bankless Podcast, Jan. 2023)."

This development comes amid heightened scrutiny of trademark governance, token identity standards, and liquidity-pool transparency, issues that have gained greater visibility across blockchain communities following recent regulatory commentary and shifts in the broader digital-asset market.

https://utherverse.io