Revuto, a famous Croatian-based startup revolutionizing digital subscriptions, is launching a lifelong digital subscription to Spotify and Netflix services through the Revulution NFT.
As of July 11, 10,000 interested users will have the opportunity of buying a limited edition NFT on Revuto’s official website.
Commenting on the new innovation, the CEO and co-founder of Revuto, 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 the Revulution NFT works
Once a person buys a Revulution NFT, Revuto in cooperation with Railsr (former Railsbank), a top-tier banking provider that powers the likes of Crypro.com, will allow the person to pay for their Netflix or Spotify subscriptions. In a nutshell, the Revulution NFT will be held as a digital debit card.
Besides being used to pay for subscriptions, the Revulution NFT allows holders to trade it on the crypto exchanges thus opening up a completely new secondary market. However, once a user sells their Revulution NFT, Revuto will deactivate any Spotify and Netflix digital debit card and provide a new one for the new user.
The co-founder of Revuto, Josipa Majić, also added by saying:
“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.”
Revulution NFTs will be available on Revuto website at a price of USD 349.