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A Croatian Web3 firm provides NFTs with lifelong Netflix and Spotify subscriptions

Buyers would receive a digital debit card in addition to the subscription-based unique NFT, which has a cap of 10,000, and use it to pay for their membership.

Developer of Web3 subscription and ticketing solutions Revuto debuted a ground-breaking Netflix and Spotify subscription strategy on Friday using a nonfungible token (NFT) method.

Through its Revolution NFT, Revuto announced that it would provide a lifetime digital subscription to Netflix and Spotify. The customised subscription model would be available to a total of 10,000 users. The head of business development at Revuto, Dino Ivankovic, described how these NFTs with subscription models could develop into a different ecology. To Cointelegraph, he said:

"We want to give users more discretion. By distributing or selling unused memberships to people who would utilise them, individuals will be able to make money utilising NFT technology. In the future, users may even be able to rent it."

The ability to trade these subscription NFTs on cryptocurrency exchanges also enables the development of a secondary market for these kinds of NFTs. Once ownership of the NFT is transferred, the previous user's digital debit card is cancelled and a new debit card is issued to the new owner.

Due to the market's prolonged negative dominance, the trading volume on the NFT market has been steadily declining over the past few months, but the innovation market has continued to experience new growth in the sector. Facebook's parent company, Meta, recently declared that all of its social networking platforms would soon support NFTs.

When the bull market peaked in 2021, NFTS was all the rage. Digital valuables were the starting point, and the GameFi and metaverse ecosystems followed. The NFTs have had an effect on a number of industries as of Friday, including art, music, advertising, tickets, real estate, and many more.

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