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Image: Revuto
- Croatian subscription management startup, Revuto launches Revulution NFTs.
- The NFTs will offer a limited number of users lifelong subscriptions to Netflix and Spotify.
Revuto, a Croatian subscription management app, recently announced the launch of its latest unique and innovative product, lifelong digital subscription to the Netflix and Spotify services via the Revulution NFTs. Announced Monday, the Revulution NFTs will allow a limited number of users to enjoy lifelong subscriptions to their favorite streaming services at stable prices and the possibility to resell their unused subscription periods, boosting their passive income.
According to the press release, a total of 10,000 interested users can purchase a limited edition NFT on Revuto’s website. Apart from lifelong subscriptions to Spotify and Netflix, the Revulution NFTs also offers a solution that guarantees stable subscription fees as a service that enables users to share their subscriptions efficiently with their family and friends.
Vedran Vukman, CEO and co-founder of Revuto said the latest line of NFTs was launched “based on the feedback from over 350,000 active and verified users”, giving the community exqactly what they asked for.
“Moreover, in case they are not using the service, the users can simply get their money back or even profit from selling the NFTs,” Vukman added. “We wish to enable everyone to efficiently manage their subscriptions and, eventually, to make the digital subscription market fairer and more equitable.”
The limited edition of Revulution NFTs launched on Revuto’s website at the price of $349, and the sale started on July 11, 12 pm CET. Users can pay for the Revuto NFT with credit or debit cards, or using crypto.
Understanding the role of Revulution NFTs
While the Revulution NFT campaign will reward a number of holders with lifelong Netflix and Spotify subscriptions, the NFTs offer far much more - top of them, access to the secondary digital subscription market. Once the user purchases the Revulution NFT from the website, Revuto, in cooperation with Railsr (former Railsbank) top tier banking provider, provides the user with a digital debit card to pay for whatever subscription service they need from their gym, spa, Netflix, HBO, Spotify etc.
The user holding the NFT for a specific subscription in their Revuto wallet will get this Revuto Virtual Debit Card to subscribe to that service. Revuto will be topping up the card to pay for that subscription as long as there’s a subscription period left.
Furthermore, the Revulution NFTs allows users to trade them on the secondary digital subscription market, opening up an avenue for users to sell their unused subscription periods. In the case that a user transfers ownership of the NFT, the new owner will get a new virtual debit card to use for the same subscription service. Again, Revuto will be topping up that VDC to cover the service expenses for as long as there’s a subscription period left. Once the subscription period ends, the NFT will expire, and Revuto won’t be topping up old or issuing new Virtual Debit Cards for that service regardless of who has the NFT in their wallet.
“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,” Josipa Majić, cofounder of Revuto said.
The launch of Revulution NFTs brings forth a unique approach to the traditional subscription industry, enabling the creation of entirely new markets for prepaid unused subscriptions. Finally, the Revulution NFTs joins a line of NFTs on Revuto including Rstronut NFTs, utility-focused NFTs that boost users’ staking APR, and R Fund NFTs, which support pre-ICO Cardano projects with the opportunity to invest in their tokens early.
“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,” concluded Josipa Majić.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice