Revuto, a Croatian subscription management startup is working on a new, innovative idea that could lead NFTs to serve as lifetime subscriptions for Spotify or Netflix.
The digital asset, known as the Revolution NFT, will provide owners with a virtual credit card through the finch business Railsr, which they can use to permanently pay for their Spotify or Netflix memberships.
The NFT can be traded on secondary marketplaces. Once a sale is made, Revuto will deactivate the virtual credit card and provide a new one to the new user. Each NFT costs $349 and is available on the Revuto website. You can buy these with crypto or credit cards.
The company’s CEO and co-founder Vedran Vukman said that Revuto’s 350,000 client base will be facilitated with an option where they can utilize a stable subscription fee.
“In case they are not using the service, the users can simply get their money back or even profit from selling the NFTs. We wish to enable everyone to efficiently manage their subscriptions and, eventually, to make the digital subscription market fairer and more equitable.”
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