Revuto, the renowned UK-based startup, is introducing a lifetime subscription for Netflix and Spotify services through Revolutionary NFT.
On July 11th, 10,000 users will be able to purchase a limited-edition NFT on the official Revuto website.
Commenting on the new venture, Revuto’s Chief Executive and Co-Founder Vedran Vukman said:
“Following the feedback from our 350,000 active and verified users, we have decided to offer the community a solution that ensures a predictable subscription fee that can be easily shared with friends or family. Plus, if a user is not using the service, they can get their money back or even make a profit from selling the NFTs. We intend to make the digital subscription sphere fairer and more straightforward.”
How Revolutionary NFTs Work
Once a person purchases a Revolutionary NFT, Revuto, in collaboration with Railsr (formerly Railsbank), a top-tier banking provider used by companies like Crypto.com, will allow them to pay their Netflix or Spotify subscription charges. This is done by creating a digital debit card for each user.
Apart from being used to purchase subscriptions, holders of Revolutionary NFTs can trade them on crypto-exchanges, giving rise to a new secondary market. Once the NFT has been sold, the user can repeat the process.
Josipa Majić, co-founder of Revuto, also commented:
“Our Netflix and Spotify Revolutionary NFT is just the start and an example of how NFTs can be used to pay for any subscription, for as long as desired. Users will also get discounts when selecting their subscriptions, as well as the possibility of giving them away or trading them with other users. With this fresh approach, Revuto is introducing something new to the subscription world, something that will open up the market of unused prepaid subscriptions. I’m quite proud of the team effort, and we are all looking forward to what lies ahead. We strongly believe that the existing market and user base will once again respond positively to our work.”
Revolutionary NFTs are sold on the Revuto website for USD 349.