1 year ago
84 Croatian startup Revuto has announced it will sell NFTs that will allow users to enjoy lifelong subscriptions to Netflix and Spotify at stable prices and with a possibility of making profit.
As of July 11, a total of 10,000 interested users will be able to purchase a limited edition NFT on Revuto’s website for the lifelong digital subscriptions to the Netflix and Spotify services.
Revulution NFT opens secondary digital subscription market
Once users acquire the NFT, Revuto will provide the user with a digital debit card to pay for their Netflix or Spotify subscriptions. The process is done in cooperation with Railsr (former Railsbank), which powers Crypto.com.
The Revulution NFT opens a completely new, secondary digital subscription market, as it can be traded on crypto exchanges.
Once the user sells their NFT, Revuto will deactivate their digital debit card and provide the new user with a new virtual card to pay for their Netflix or Spotify subscriptions.
Aailable on Revuto’s website at the price of USD 349, the sale will kick off at 12 pm CET on July 11 and users can pay for the Revuto NFT with credit or debit cards, or using crypto.
A solution that guarantees a stable subscription fee
Vedran Vukman, CEO and cofounder of Revuto, said: “Based on the feedback we received from our 350,000 active and verified users, we have decided to give the community exactly what they have asked for – a solution that guarantees a stable subscription fee, that they can share with their friends or family members in a simple and straightforward way. Moreover, in case they are not using the service, the users can simply get their money back or even profit from selling the NFTs. We wish to enable everyone to efficiently manage their subscriptions and, eventually, to make the digital subscription market fairer and more equitable.”
Josipa Majić, cofounder of Revuto, commented: “Our Revulution NFT for Netflix or Spotify is just the start, and also an introduction to the subscription NFTs that people will be able to use to pay for any subscription in the world, for however long they want. Also, by using this particular innovation, the users will get discounts when selecting their subscriptions, coupled with the possibility of either gifting or selling them to other users.
“With such a unique approach, Revuto is introducing something completely new to the world of subscriptions, something that will enable the creation of an entirely new market of prepaid unused subscriptions. I am immensely proud of the team behind this project, and we are all looking forward to everything that is coming in the future. We are confident the market and existing user base will once again react positively to what we have done.”
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