Revuto NFTs promise a radical transformation of the subscription economy
Revuto has the deal of a lifetime for fans of Netflix and Spotify: the sale of 10,000 limited-edition NFTs that grant access to these services forever, for a one-time payment of just $349.
The NFT market has been declining recently with trading volume suffering from a huge bearish sentiment in the crypto industry. However, Revuto may well change that with a totally unique twist on the NFT utility idea.
Revuto is a subscription management application based on the Cardano blockchain that aims to make the way we pay and manage subscriptions more efficient and beneficial for users. Subscriptions are a multi-billion dollar industry, with millions of people around the world paying monthly or annually to access various services: gaming, streaming, fitness, digital news, and more. The subscription economy has been revolutionary, providing people with an affordable way to access these services by paying a small but regular fee.
That said, the subscription process doesn’t always offer as much, because consumers don’t really have much control once they’ve paid. The problem is that if you pay for a year’s gym membership or access to Spotify, you basically keep that membership, even if a change in circumstances means you can no longer use it. For example, if you suddenly go deaf, you won’t listen to Spotify anymore, but that company won’t be kind enough to issue a refund. There’s no way to unsubscribe, which means you’ve prepaid for a service you won’t be able to use.
This is where Revuto believes it can help with its revolutionary idea of Revuution NFTs, which have multiple benefits, giving users a way to subscribe to any service for as long as they want, with the option to sell it. subscription if they no longer need it. Other perks include the ability to pay with crypto, pause subscriptions, or save money with discounts and free trials.
Overall, it seems like a good deal, but how does it work? The answer is Revuto’s Revulotion NFT, which tokenizes subscriptions to give users more control. Instead of paying Netflix directly for a year’s access, you can now purchase a Revuto NFT from Revuto, for any length of time. In addition to the NFT, you will receive a virtual debit card from Revuto’s partner Railsr, which is regularly recharged and used to pay for the actual service.
The advantage of NFTs is that they can be bought and sold. So if you go really deaf and you have six months left on your Spotify subscription, you can get the money you paid back by selling it to someone else. With this revolutionary idea, Revuto creates a secondary market for digital subscriptions.
Revuto said that every time a Revuution NFT changes hands, the previous owner’s virtual debit card will be voided and a new one will be issued to whoever purchased the NFT. In this way, it is suddenly possible to transfer subscriptions for the first time.
To celebrate what is undoubtedly one of the most innovative NFT use cases to date, Revuto has announced the sale of 10,000 Revolution NFTs for $349 each, providing lifetime access to Spotify and Netflix. .
“Our Revuution NFT for Netflix or Spotify is just the beginning, and also an introduction to subscription NFTs that people can use to pay for any subscription in the world, for as long as they want,” said Josipa, co-founder of Revuto. magic. “With such a unique approach, Revuto is introducing something completely new to the world of subscriptions, something that will enable the creation of a whole new market for unused prepaid subscriptions.”
- Click to share on Twitter (Opens in a new window)
- Click to share on Facebook (Opens in a new window)
- Click to share on LinkedIn (Opens in a new window)
- Click to share on WhatsApp (Opens in a new window)