News Report
July 13, 2022

Revuto launches Spotify and Netflix subscription NFTs

Croatian startup company Revuto just launched Revulution NFTs. Non-fungible tokens grant holders access to lifetime subscriptions to Spotify and Netflix.

Revuto was launched in 2019 and currently has 350,000 active and verified users. The startup aims to help people save money by managing their subscriptions.

Revuto is partnering with exchange platform Crypto.com and banking provider Railsr (former Railsbank) for the release. The companies will issue digital debit cards that let NFT holders pay for their Spotify and Netflix subscriptions. 

“Our Revulution NFT for Netflix or Spotify is just the start… With such a unique approach, Revuto is introducing something completely new to the world of subscriptions. Something that will enable the creation of an entirely new market of prepaid unused subscriptions,” says Josipa Majić, Revuto co-founder.

So, Revulution NFTs are certificates of subscription ownership in the form of non-fungible tokens. 

The cost of an NFT is $349. Compare that with a year and a half of a Netflix subscription, costing $10 per month. It’s worth noting that Revulution NFT holders can loan their NFTs to earn passive income or use them as collateral for loans. 

Individuals now can purchase NFTs on Ethereum and Cardano networks. Users can pay for the NFTs using cryptocurrencies and debit or credit cards. Moreover, individuals can send NFTs as a gift just by entering the recipient’s email address while purchasing the tokens. 

“We wish to enable everyone to efficiently manage their subscriptions and, eventually, to make the digital subscription market fairer and more equitable,” says CEO and co-founder of Revuto, Vedran Vukman.

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related.Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities.You can contact her at [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related.Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities.You can contact her at [email protected]

Hot Stories
Join Our Newsletter.
Latest News

Web3 Fundraising Report Q3 2023: A Overview of Evolving Trends and Strategies

In this report, we explore all the trends in the AI, crypto and web3 sectors and identify ...

Know More

Virtual Reality Superior Than Video Conferencing for Remote Work Collaboration: PWC Report

In today’s modern era of remote work, the traditional landscape of digital meetings and workshops is undergoing ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Google Research and Tel Aviv University Develop AI Framework for Precise Image Generation
News Report Technology
Google Research and Tel Aviv University Develop AI Framework for Precise Image Generation
December 6, 2023
Solana (SOL) Witnesses 8% Surge as Co-Founder Anatoly Yakovenko Unveils Saga Phone’s Future Plans
News Report Technology
Solana (SOL) Witnesses 8% Surge as Co-Founder Anatoly Yakovenko Unveils Saga Phone’s Future Plans
December 6, 2023
HSBC Successfully Trials Quantum-Resistant Tool for AI-Powered FX Trading
News Report Technology
HSBC Successfully Trials Quantum-Resistant Tool for AI-Powered FX Trading
December 6, 2023
Elixir Games Acquires LitLab Games to Boost Web3 Gaming Portfolio
Markets News Report
Elixir Games Acquires LitLab Games to Boost Web3 Gaming Portfolio
December 6, 2023
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.