Tuesday, August 16, 2022

Revuto comes with a new way of Subscription for Spotify and Netflix 

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The popular Web 3 platform Revuto comes with a new announcement this week. Revuto set to use NFT technology to provide options and call it Revolution NFT on multiple platforms. With this new offer, people will be able to subscribe to Spotify and Netflix through NFTs.  

As a beginning, the users might be able to purchase the Revolution NFTs brought by Revuto, which would allow them to register by debit cards on Spotify and Netflix. This also provides the users with a complete lifetime membership of the platform. 

Revuto claims that the users also become able to but you can also sell these NFTs on the available marketplaces and other websites. While the NFT is sold, for this a new debit card first arises some issues for the new owner, and the last one becomes cancelled on the Netflix/Spotify account. It seems Revuto wants to change the subscription industry working and how the users can able to control their subscriptions, unsubscribe easily, and most importantly even also get protection from charges after free trials. 


Revuto: Lifetime Memberships

Dino Ikankovic who is the director of business development at Revuto, just asked for the Business Today as the NFTs in lieu of lifetime subscriptions would become “empower users”. He has also included, “These NFTs are called Revolution NFTs. Once someone purchases a lifetime subscription, they are free to use it on exchanges if they so choose. Those who do not utilize their Netflix and Spotify subscriptions could monetize them in this manner.” Further he also added, “this way, users can also rent their membership to the others.”  According to Dino, they want users to get more strength in these new services for a lifetime. He also added that they might bring an option of rent as a game-changer. 

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About NFTs 

In the terms of Layman, Non-Fungible Tokens or NFTs are very unique and non-interchangeable units of the data that are just stored on the blockchain, which is a type of digital ledger. Now, the owner of the NFTs gets a proof of ownership certificate from the digital ledger.

NFTs are mainly surrounded b with non-physical art but in reality, they hold some on-field applications for ticketing, supply chain m management, citizen identity, domain names, and also others. 

A big thanks for the source. 

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