Revuto’s Revulution NFTs are changing how you pay for Netflix and Spotify subscriptions

6 Min Read
nft 8 july e1657282408279

One of Croatia’s most well-known firms, Revuto, which is redefining digital subscription governance, is introducing yet another invention a year after its phenomenal success. This time, it’s a special and cutting-edge product: everlasting digital memberships to Spotify and Netflix through the Revulution NFT. On July 11, 10,000 interested customers may buy the limited-edition NFT via Revuto’s website.

Revuto seeks to change the subscription spaces, and it is on course to attaining that by allowing users to have control over subscriptions through a single app. This will enable users to unsubscribe when they want easily, pause subscriptions, borrow funds while paying and pay subscriptions with cryptocurrencies.

Verdran Vukman, the CEO and Co-founder 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, which they can share with their friends or family members in a simple and straightforward way. Moreover, if they are not using the service, the users can get their money back or even profit from selling the NFTs.

Revulution NFTs

Revuto introduced NFTs that they award to their investors whenever referred users pay their subscription. With overwhelming interest, the firm boosted the network with other NFTs, including Rstonaut NFTS, focused on boosting staking APR and receiving $10,000 in REVU and the R Fund NFTs, which support pre-ICO Cardano initiatives with the chance to invest early in their tokens. The introduction of Revulution NFTs is set to change the ways people subscribe to services and save money.

How do Revulution NFTs work?

Revulution NFTs aim to allow people to subscribe to popular services such as Netflix for any duration. Furthermore, they can monetize their unused subscription by selling or sending them to other users. After making the purchase, Revuto shall provide the client a digital debit card to use to pay for Spotify or Netflix subscriptions in partnership with Railsr (formerly Railsbank), a major banking company supporting, among others,

Additionally, the Revulution NFT makes it possible to trade on cryptocurrency exchanges, creating a brand-new secondary online subscription market. As soon as a user trades their NFT, Revuto deactivates the digital debit card and issues a fresh virtual card to the buyer so they can pay for Spotify or Netflix subscriptions.

Get discounts for any subscription duration with Revulution NFTs

Co-founder Josipa Majic stated:

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.

When buying a subscription, the service provider will give you a discount if you subscribe for a long period. However, with Revuto, you can purchase your subscription for any period and still get a discount. In addition, the user will receive a Revuto Virtual Debit Card to sign up for that service if they have an NFT for it in their Revuto wallet.

Provided there is still time in the subscription period, Revuto will continue topping off the card and pay for that subscription. In addition, the new owner of the NFT shall receive a new Revuto Virtual Debit Card to be used with that account for the subscription after the NFT switches ownership inside the Revuto app. Once more, Revuto will continue to replenish that VDC to pay the costs of the services for the duration of the subscription time.

Josipa concluded:

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.

Revulution NFTs expire with the expiry of the subscription

Revulution NFTs are disposed of after the service’s subscription date has elapsed. Revuto will give users a location to submit their used Revulution NFTs to dispose of them. Additionally, users will be able to rapidly confirm any Revulutiuon NFT inside the Revuto app to determine the subscription’s validity, duration, or whether it has expired.

The post Revuto’s Revulution NFTs are changing how you pay for Netflix and Spotify subscriptions appeared first on Invezz.

from NFTs – Invezz

Share This Article
What Is Cryptocurrency? Crypto Token: Crypto Coin & Crypto Token: Know The Difference