Croatian subscription management startup Revuto is preparing to launch an innovative and new Web3 concept wherein NFTs will serve as lifetime digital subscriptions to either Netflix or Spotify.
Dubbed the Revulution NFT, the digital asset will grant holders with a digital credit card courtesy of finch company Railsr, which they can then use to pay for their Spotify or Netflix subscriptions for life.
In collaboration with Crypto.com, the asset can be traded on secondary marketplaces. Revuto will deactivate the digital credit card once a sale is made, and provide the new owner with a fresh one. The innovative NFTs launched on the Revuto website on July 11 at 12PM CET, with each costing $349. Payments can be made using both credit cards and cryptocurrency.
As per the words of the company’s CEO and co-founder Vedran Vukman, the intention of the assets is to provide Revuto’s 350,000 client base with a stable subscription fee that they can easily share with their peers:
“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.”
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