[2] It bears an Elder Futhark runic inscription, one of the earliest known, dating to roughly 200 CE.
The whole compound is a personal name or title, "servant of the glorious one" or "servant/priest of Ullr."
On the reverse, ni- is the negative particle, waje- corresponds to "woe, ill" (Old Norse vei), and the final element is -mariz "famous" (Old English mǣre) - the "e" and "m" are written together, as a bind-rune, an unusual early example but probably not linguistically significant.
[5] The second word thus translates to "not ill-famous," i.e., "famous, renowned" or "not of ill fame, not dishonored."
However, the owner's name is not in the possessive case as would be expected with such a usage; moreover, the rune Fehu, signifying simply "property," would be more apposite; "Othala" can specifically denote real estate.