One year on from its initial launch and subsequent success on a global scale, the Croatian company Revuto, which is widely recognized as one of the most successful businesses in the country, is revolutionizing the management of digital subscriptions. This time, the Revulution NFT is offering an innovative and cutting-edge product: lifelong digital Netflix and Spotify memberships. Beginning on 11 July, 10,000 consumers will have access to a limited edition NFT via the Revuto website.
Vedran Vukman, CEO and co-founder of Revuto, said, “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.”
In addition, he noted that users who do not make use of the service are eligible to receive a refund of their payments or even make a profit by reselling the NFTs, depending on which option they choose. The purpose of the service, according to him, is to empower everyone to effectively manage their subscriptions and, ultimately, to make the internet subscription market more balanced and transparent.
An All-Inclusive Marketplace For Digital Subscriptions
After the completion of the transaction, Revuto, in conjunction with Railsr (formerly Railsbank), a premier financial institution that is responsible for the operation of Crypto.com and other websites, will provide users with a virtual debit card that can be used to pay for subscriptions either for Netflix or Spotify.
In addition, trading on cryptocurrency exchanges is made possible by the Revulution NFT, which results in the creation of an entirely new market for digital subscriptions. Once an existing user sells their NFT, Revuto will disable the customer’s digital debit card and provide the new user with a new digital card that can be used to purchase subscriptions to streaming services like Netflix or Spotify.
Josipa Majić, cofounder of Revuto said, “Our Revulution NFT for Netflix or Spotify is just the start, and also an introduction to the subscription NFTs that people will be able to use to pay for any subscription in the world, for however long they want.”
Enhanced Utility For NFT Users
Customers who make use of this innovative concept will be eligible for perks when they purchase subscriptions, and they will also have the choice to either give them as gifts or resell them to other customers. Revuto is bringing something completely new to the world of subscriptions, something that will facilitate the development of a brand-new market for prepaid subscriptions that aren’t being used to their full potential. Revuto is certain that the market as a whole, together with its existing user base, would respond favorably to the company’s actions in the future.
On July 11, at 12 p.m. CET, the limited release of Revulution NFT collection will be offered for USD 349 on Revuto’s website. The sale will begin at that time. Users will be able to purchase Revuto NFT using credit or debit cards, as well as cryptocurrencies.
Revolutionizing The Digital Subscription Realm
As most users are undoubtedly aware, Revuto’s mission has been to transform the subscription market. It is on its path to accomplish this by providing users with full command over their subscriptions through a dedicated app if they want to unsubscribe conveniently, stop their memberships, pay for subscriptions with cryptocurrency, and obtain money when paying or safeguard themselves against trial periods.
So, what role do NFTs play in this context? Initially, Revuto developed Special NFTs to compensate its participants with more incentives whenever their invited friends paid for memberships with Revuto. Revuto augmented the ecosystem by adding more NFTs in response to the enormous demand. These were all Rstronaut NFTs, utility-focused NFTs to increase a user’s staking APR as well as receive a reward of $10,000 in REVU, and R Fund NFTs to assist pre-ICO Cardano projects by allowing early token investments.
All of the NFTs developed by Revuto play an important part in the Revuto system. Nevertheless, Revuto is rolling out a new feature that will alter how users subscribe to services and enable users to save even more money. Revuto refers to them as REVULUTION NFTs.
The Takeaway
Revuto, a Croatian startup, has created an app for managing subscriptions and saving money on subscriptions. The company raised $10 million in 2021. The app has thus far gotten three million early sign-ups. There are presently 350 000 active users using the service. Using a blend of fintech and cryptocurrency business methods, Revuto offers the greatest customer experience and promotions in the digital subscriptions industry.
The goal of Revulution NFTs is to “revolutionize” how individuals subscribe to services, allowing anyone to register to any service in the globe for any duration of time and transfer or sell (monetize) unwanted membership periods to others.
