Popular subscription management app Revuto is on a mission to revolutionize non-fungible token utility with the launch of the 10,000 limited edition NFTs that offers holders a lifetime subscription to Netflix or Spotify.
The innovative Revolution NFT makes it possible to make a one-time payment, and enjoy unlimited access to the world’s best TV and music streaming services forever. That means no more price hikes, no more nasty billing surprises and no more deductibles being taken for forgetting to pay – ever again. What’s more, if the Revolution NFT holder decides they no longer want to see or hear, they can sell that NFT and find themselves a huge profit.
How on earth is Revuto able to make such an incredible offer? The secret is Revuto’s Virtual Debit Card (VDC), which is used to pay the actual membership fee. Each Limited Edition Revolution NFT will be linked to a VDC which is topped up by Revuto on a regular basis and paid for the subscription each time it becomes due. So the subscription will always be paid for, and the NFT holder never has to worry about it.
When the time comes to sell that NFT, Revuto will issue a new VDC to the new owner, instead of paying for the subscription to top up that card.
The limited edition tokens are part of Revuto’s plan to revolutionize the subscription economy via Revolution NFT. Revuto will soon begin selling Revolution NFTs that tokenize any form of subscription, giving users more flexibility than ever before.
With Revuto’s Revolution NFT, users will be able to subscribe to any service in the world – be it a gym, software service, book club or anything else – for any time period, then allow others to cancel the unused subscription period. Sell or gift.
Revolution NFT solves one of the biggest problems in the subscription economy, namely wasted subscriptions. Most subscription services are very inflexible.
Sign up to Netflix for a full year and you’re stuck with that deal. If you decide you no longer want to use Netflix after six months, there’s no going back. Netflix won’t offer you a refund for the months you didn’t use it, which means the money spent is wasted.
This is a bigger problem than most people realize, with Revuto claiming that 50% of consumers currently pay for subscriptions they don’t actually use. Revuto fixes this problem by tokenizing subscriptions with Revolution NFTs. Users can buy subscription to any service they want, get a Revaluation NFT.
Along with the NFTs, they will get a VDC which Revuto will top up for as long as the subscription period lasts. So sign up for a meal delivery service for six months and Revuto will top up that card for the period. If the NFT holder decides to sell after four months, they can do so, a new VDC will be assigned to the new holder after the sale is completed.
Revuto said in a blog post that “the value of a purchased” subscription “NFT should never be less than the subscription period, as you will be able to send or sell it to others after you have enjoyed the subscription for some time.” “The new owner will be able to use the same subscription until the NFT expires.”
In other words, the Revolution NFT can be thought of as a “disposable NFT”. Once the subscription period expires, Revuto will stop topping up the VDC it is connected to, and will instead provide an address where the user can send it to get rid of the clutter in their wallet.
Of course, you won’t want to settle for limited edition NFTs for Netflix and Spotify, as they will never expire.
Lucky users who snap up one of the limited edition Netflix and Spotify NFTs will also receive a unique “card NFT” that gives them early access to Revuto’s physical debit card.
While VDCs can only be used to pay for subscriptions, PDCs can be topped up with crypto and used to pay for products and services where MasterCard is accepted, With unique rewards and cashback bonuses.
The first, limited edition Revolution NFT was launched this week. Existing Revuto customers will receive 5% of the purchase price in REVU tokens as cashback through the referral code provided in the Revuto app.