“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 in a simple and straightforward way. As the company’s CEO and cofounder Vedran Vukman noted, Significantly, Revuto’s current users played a part in the Revulution NFTs coming to fruition. In other words, its run of success is a great sign for what could be to come with the Revulution NFTs. Evidently, Revuto’s combination of fintech and crypto in its business model has been a hit for users.
While the Revulution NFTs are yet to launch, Revuto already has 350,000 active users. What’s more, Revuto has received three million early sign-ups for its app so far. Notably, the company raised $10 million in 2021 alone. Basically, Revuto developed an app to manage subscriptions and thus, help users save money. To sum up, Revulution NFT creator Revuto is a Croatian startup company. The Revulution NFTs from Revuto will offer holders lifetime subscriptions to Netflix and Spotify.Īll about the subscription management startup, Revuto Users will be able to pay for the Revuto NFT with credit or debit cards, or using crypto. Revuto will launch the Revulution NFTs on Monday, July 11 at 12 PM CET on its website. Something that will enable the creation of an entirely new market of prepaid unused 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. Indeed, the Revulution NFTs could be opening a door to a completely new way of handling subscription services. This creates a revolutionary secondary marketplace for popular subscriptions. In those instances, Revuto deactivates the seller’s digital debit card and sends one to the new holder. In addition, the Revulution NFTs will be tradable on the secondary market. So for those who want both subscriptions, it’s a great deal. So for the price of about a year and a half of Netflix and Spotify, holders can get themselves a lifetime subscription. To illustrate, the Revulution NFTs will cost $349. This is what holders can use to pay for their Netflix or Spotify subscriptions. In partnership with the banking provider Railsr (former Railsbank) and, Revuto will give Revulution NFT holders a digital debit card. As of Friday, the NFTs have impacted several industries such as art, music, advertising, ticketing, real estate and many more.What you should know about the Revulution NFTs from Revutoįirst things first, how do the Revulution NFTs by Revuto work? Well, it’s actually pretty simple. NFTS became a rage during the 2021 bull market peak, starting with digital collectibles and later expanding to GameFi and metaverse ecosystems. We’re launching NFTs on Facebook! Excited to share what I’ve been working on with the world. Meta, Facebook’s parent company, recently announced it would introduce NFTs soon on its social media platforms.
While the NFT market has seen a constant decline in trading volume over the past few months, owing to the ongoing bearish dominance in the market, the innovation continues to see new growth in the industry. Related: Beyond collectibles: How NFTs are revamping the ticketing industry Revuto plans to introduce more subscription-based services through its NFT solutions and put an end to unwanted subscription charges. Once the NFT changes hands, the old user’s digital debit card would get canceled and the new owner would be provided with a fresh debit card. These subscription NFTs can be traded on crypto exchanges as well, allowing for the growth of a secondary market for these types of NFTs. Users might be able to even rent it in the future.” NFT technology will allow users to monetize their unused subscriptions by sending or selling them to others who will be using them. “We aim to bring more control to the end-user.
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