ok so my behind my new monsterverse Ultraman is that he was a creation of the Precursors, one of the earliest idea of an invasion force across the universe, the first unit sent out was lost do to the forces of the precursors not being able to survive on prehistoric earth, so the beta capsules (it looks like a bio organic headless skin mite that forms the color timer on the chest) as well as the ship that carried the unit was lost (either in the monsterverse universe or the Pacific rim universe) during the ancient times of the titans rule on earth and humans and titans lived in harmony, by using the suit to help build structures and in a way, able to communicate with the ancient titans, some of the titans would understand that he was no real threat and wanted to protect earth, but some did challange his place in the pecking order and tried to fight him, some of these fights inspired early man to tell stories of gods fighting again the giants or titans, this suit was pass down from warrior to warrior, builing many great structures and cities, including atlantis, Mu and even one off a large island (reference to ultraman tiga story) but in do time, thanks to the great titan war, all of these cities were lost and even the beta capsule was lost to time..... until a research team found the alien ship as well as the the beta capsule, but once the unit was removed from the ship, it accidentally let out a destress beacon back into the anteverse and alerting the precursors that it had been found, they would send kaiju into the universe to destroy the unit, but the person who was near it, the Beta capsule crawled up his arm and onto his chest, attaching itself to him (ben 10 style but it latched onto his chest) and so the governments of the world gave him a codename to fight off the invaders, the Ultimate kaiju Slayer, Ultraman

abilities:

-transformations
when the time calls, the human can activate the armor by pushing the middle of the beta capsule on his chest and it will cover the human in a lair of unspecific mix of organic fibers and unknown liquid metal to form the suit around him, the suit in question is capable of withstanding great amounts of damage, from bullet fire to an rpg at point blank range. the suit is also capable of covering the human to protect him from all kinds of environments, from prolong journeys under water, to the cold void of space and the extreme temperatures of volcanic rock

-Size changing
the suit is also able to expend the atoms with in matter the make the suit itself grow, the human is housed with in the upper torso of the giant avatar, the avatar in question can grow up to from 10, 40, or even 100 meters tall

-super strength and speed
when transformed Ultraman gains a lot of strength and speed to his already increased factors, in his human form he can easily throw people and small object around, when transformed his power increased double or triple of a normal humans, capable of lifting cars and other large object with ease, in it's giant

-weapons
ultraman has a few attack that he can unleashed, he has 4 high powered blades that can extend from his forearms sides and can easier slice throw objects, he can also mage energy constructs from his hands to throw at the attacker and these object normally take the shapes of bladed throwing stars or buzz saws, he can also morph parts of his body for different sicuations, like he can root himself to the ground, or create boosters on his arms for bigger punches (think of it as iron man mark 50 suit from infinity war) but ultraman most powerful attack is what the have call the high pressure atom smasher, or what the media has called it the Specium Ray, ultraman crosses his arms into an X like formation across his chest, your left arm is behind your right arm from a person's perspective, the wrist of the 2 arms fuse together and slits from the underside of each arm open and unleashes this powerful attack, if in his giant form, data shows that it could possible match titanus Gojira's atomic breath

-weakness
we have data that shows that in human size, the suit can last for about 30 minutes, but in the giant form, he can last no more then 3 minutes, data has shown that the radiation from the sun is very little on the planet and this energy powers the ultra suit, but if ultraman flies into space, it can recharge this power and keep fighting, if in space, and in contact with the light of the sun, he can last a lot longer then normal

draw/made by Teo20120

https://www.deviantart.com/hanasiayamoshissjgod/art/MonsterVerse-Ultraman-876626934