- Meanwhile, each Spotify and Netflix NFT would have a $349 fixed price.
- Revuto aims for more subscription services via its NFT solutions and to abolish unwanted ones.
Revuto, Croatian ticketing & web3 subscription solution provider, disclosed its lifetime membership offerings for Spotify and Netflix through NFTs (Non-fungible tokens) solutions.
The web3 startup revealed about introducing the lifetime subscription model via its Revolution non-fungible token, and more than 10,000 individuals would qualify for the mode.
Revuto’s official Dino Ivankovic stated that the initiative targets more user control. He explained that users could utilize the NFT technology to monetize unused subscriptions as they can sell to individuals who can use them. Moreover, users can rent the subscription in the future.
Users can access the limited-edition 10,000 NFT drop on 13 July. Beware that individuals will pay a fixed $349 price for each Spotify and Netflix NFT.
Individuals can buy using crypto or through credit/debit cards. Anyone holding the NFT coin can enjoy free Spotify and Netflix services as the firm would be funding their subscription each month.
More About Revuto NFT Drop
The platform’s app will offer unique codes for users to redeem the NFT after minting. They’ll then get the Revuto Virtual Debit Card according to the MasterCard to linked with the Spotify and Netflix accounts.
The report added that users could trade the subscription NFTs on cryptocurrency exchanges. That would promote the secondary market growth for these NFTs.
Moreover, there would not be issues when NFTs change hands as the platform will cancel digital debit cards for old users and offer new ones to new users. Revuto wants to use its NFT solutions to ensure increased subscription services and abolish unwanted ones.
Revuto co-founder and CEO Vedran Vukman stated that they undertook the initiative following feedback from verified and active users.
He revealed about 350,000 of their customers proposed a solution that ensured lucrative subscription fees, straightforwardly shared with family or friends. Moreover, users no longer utilizing the services can receive refunds or enjoy returns by selling the non-fungible tokens.
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