Thus, from July 11, 10,000 interested users will be able to purchase a limited edition NFT through their website. The Croatian startup that designed an innovative way of managing subscriptions, after a year of work, presented a new innovation that it will offer to those interested from July 11.Īs Revuto said at the presentation, it is a unique innovative product – lifetime digital subscriptions for using the Netflix and Spotify s ervices through their Revulution NFT. Once the NFT is sold, the old user’s digital debit card would be cancelled and a new debit card would be given to the new owner.Revulution NFT is a product that guarantees a subscription to Netflix or Spotify in such a way that Revuto covers the NFT owner’s monthly subscription costs as long as the user keeps the NFT in the Revuto app. This lets a secondary market for these subscription NFTs grow. These subscription NFTs can also be traded on crypto exchanges. In the future, people might even be able to rent it.” With NFT technology, users will be able to make money from subscriptions they don’t use by sending or selling them to people who will use them. “We want to give more power to the person using the service.
Dino Ivankovic, who is in charge of business development at Revuto, explained how these NFTs that are based on subscriptions could form their own ecosystem. The unique subscription model would be available to a total of 10,000 users. Revuto said that its Revolution NFT would let people sign up for Netflix and Spotify digitally for life. On Friday, Web3 subscription and ticketing solution provider Revuto announced a new subscription model for Netflix and Spotify that uses a nonfungible token (NFT) solution.
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