Revuto has unveiled NFTs that allow users to subscribe to Spotify and Netflix.
Revuto, the startup from Croatia, has made its debut with new products. Revulution NFTs These non-fungible tokens offer their owners lifetime subscription rights to Spotify and Netflix.
Founded in 2019, Revuto currently boasts over 350,000 verified users and aims to assist individuals in saving money through effective subscription management.
In partnership with Crypto.com and Railsr (previously known as Railsbank), Revuto is set to launch a range of digital debit cards, enabling NFT holders to seamlessly pay for their Spotify and Netflix subscriptions.
"Our Revulution NFT project for Netflix or Spotify is just the beginning... By leveraging such an innovative concept, Revuto aims to revolutionize the subscription industry, paving the way for a new market centered around untapped prepaid subscriptions,\" says Josipa Majić, co-founder of Revuto.
Essentially, Revulution NFTs serve as ownership certificates for subscription services, expertly crafted as non-fungible tokens.
The price for one NFT is set at $349. This can be compared to a Netflix subscription over a year and a half, priced at $10 monthly. Notably, holders of Revulution NFTs have the option to lend out their tokens for passive income or even use them as collateral for loans.
Individuals now have the ability to acquire NFTs on both the Ethereum and Cardano blockchains. Payments can be made via cryptocurrencies or debit/credit cards, and these tokens can even be gifted by simply entering the recipient's email during purchase.
"Our aim is to empower users to streamline their subscription management and ultimately create a fairer and more accessible digital subscription market,\" states Vedran Vukman, the CEO and co-founder of Revuto.
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