Revuto Announces Lifetime Netflix and Spotify Membership via NFTs
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Revuto Offering Lifetime Digital Subscription to Netflix and Spotify Through NFTs
Revuto announced that it would provide a lifetime digital subscription to Netflix and Spotify through its Revolution NFTs. Ten thousand users would be qualified to use the particular subscription model. Dino Ivankovic, head of business development at Revuto, outlined how these NFTs with subscription models might expand into a separate ecosystem. The ability to trade these subscription NFTs on cryptocurrency exchanges also enables the development of a secondary market for these NFTs. Once ownership of the NFT is transferred, the previous user's digital debit card is canceled, and a new debit card is issued to the new owner.
Revuto Planning to Expand Subscription Number
Through its NFT solutions, Revuto intends to expand the number of subscription-based services it offers while ending unauthorized subscription fees. Due to the prolonged bearish dominance in the market, the NFT market has experienced a consistent fall in trading volume over the past few months. Still, the innovation market has continued to experience new growth in the sector. Facebook's parent company, Meta, recently announced that NFTs would soon be available across its social network sites.
When the bull market peaked in 2021, NFTS were the rage. It began with digital collectibles and later spread to the GameFi and metaverse ecosystems. NFTs have affected several industries, including art, music, advertising, ticketing, real estate, and many more.