Revuto launches lifetime subscription to Netflix and Spotify through NFTs
Just a few weeks after Revuto announced its non-fungible token (NFT) marketplace in partnership with Cardahub, the Croatian subscription management startup today announced it is launching NFTs for lifetime subscriptions to Netflix and Spotify.
As part of the launch, Revuto will sell NFTs that will allow the users to enjoy lifelong subscriptions to their favorite streaming services at stable prices and with the possibility of making a profit.
Dubbed Revulution NFT, the new digital lifetime subscription will “revulutionize” how people subscribe to services while allowing them to subscribe to any service in the world for any period of time and send or sell (monetize) unused subscription periods to others.
According to the information shared with Tech Startups, Revulution NFT collection is set to launch on July 11 and will be made available on Revuto’s website, where a total of 10,000 interested users will be able to purchase a limited edition NFT.
In a statement, Revuto co-founder and CEO Vedran Vukman 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.”
How does Revulution NFT work?
After completing the purchase, Revuto will, in cooperation with Railsr (former Railsbank) top tier banking provider powering, among others, Crypto.com, provide the user with a digital debit card to pay for their Netflix or Spotify subscriptions. Furthermore, the Revulution NFT enables trading at the crypto exchanges, thus opening a completely new, secondary digital subscription market. 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.
“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,” added Josipa Majić, cofounder of Revuto.
The limited edition of Revulution NFTs will be available on Revuto’s website at the price of $349, and the sale will kick off at 12 pm CET on July 11. Users will be able to pay for the Revuto NFT with credit or debit cards or using crypto.
We covered Revuto back in January after it featured a concurrent listing of its REVU token On Gate.io & KuCoin Exchanges. Revuto is the first dApp built on Cardano and a one-stop subscription management and payments solution. Using the Revuto dApp, users can approve, block, and snooze their subscription payments for any service from a unified dashboard within seconds.