Revuto offers NFT with lifetime Spotify and Netflix memberships
Revuto, the Croatian Web3 startup based on the Cardano blockchain, announced that it will be selling NFTs of online streaming platforms, including Netflix and Spotify. Revuto is originally a Web3 subscription and ticketing solution provider firm.
The company has said that it will offer 10,000 unique non-fungible tokens (NFTs) named “Revulution NFTs” of lifelong subscriptions for Netflix and Spotify.
Dino Ivankovic, Head of Business Development at Revuto said, “We aim to bring more control to the end-user. NFT technology will allow users to monetize their unused subscriptions by sending or selling them to others who will be using them. Users might be able to even rent it in the future.”
The subscription NFTs come with virtual debit cards (VDCs), which should be filled with money from which subscription fees will be taken. If for a billing cycle, the card does not have money, subscription for that billing cycle will be canceled.
Users can also sell and rent the NFTs secondarily if they do not require them, which can be a revolutionary measure. Once the ownership of NFT changes, the old virtual debit card will be disabled and a new one will be created for the new owner.
Vedran Vukman, CEO and Cofounder of Revuto, commented, “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 that they can share with their friends or family members simply and straightforwardly.”
If you also have a novel idea for an NFT-based business, there are firms pioneering the process with due diligence. You can approach one such company to realize your dream concept to build your business on the Web3 space.
