Revuto NFTs Are a Hot Commodity

Tomorrow, our CEO Vedran will again take to the airwaves for an AMA session with Crypto City via their Telegram channel at 2 PM UTC (4 PM CET), Tuesday, November 2. You might wonder how there can be any questions left to answer given how many AMAs we’ve participated in recently! But take our word for it, there are always a few curveball queries that haven’t been asked before.

Our eyes were today drawn to a tweet posted in response to Crypto City’s promotion of the upcoming AMA. It read, “NFT has taken the world by storm, what plans do you have for NFTs within the Revuto Ecosystem? Are you going to integrate [the] NFT marketplace into the Revuto app for easy in-app purchase access to NFT contents in the future?”

Vedran will undoubtedly address Revuto NFTs in greater detail during Tuesday’s AMA, but in light of this question, it seems like a good idea to remind our community about the integration of NFTs into the Revuto app. Many of you will have read our post in September outlining such plans, but clearly some people missed it. So there’s no harm in supplying a refresher.

Revuto was and remains a crypto-powered subscription management platform. But earlier this year, we sought to reward our Early Bird Tier 1 (EBT1) investors for their ongoing support — and NFTs seemed like a great way to do that. In due course, some 1,826 unique NFTs were created and unlocked by their rightful owners: you can view them all here.

These colorful and humorous digital images represent proof that their owners were among the first investors to participate in the first public token sale on Cardano. We believe the fact that each token is inextricably linked to Cardano’s first token sale will give them genuine value; of course, we can only hypothesize — it’s up to the market to decide.

In any case, the integration of a fully-fledged NFT marketplace into the Revuto app is a cause for celebration. When the integration is complete, our app will be fully loaded, enabling users to deposit tokens, manage subscription payments (Block, Snooze, Approve), stake REVU tokens to earn yield, participate in micro-lending, split subscription costs with friends and family, earn cashback and referral rewards, and trade NFTs. That’s a hell of a lot of real-world utility.

It seems like NFTs are never out of the news these days. This past week, there’s been a focus on Halloween-inspired collections like Mango Heroes and Monster Bash. Even Martha Stewart’s gotten in on the act, releasing a spooky series on her own NFT portal Fresh Mint.

Much of the hype for such tokens relates to the metaverse, though, with commentators predicting that NFTs will become the default currency of sophisticated virtual worlds that are navigable through VR/AR headsets and controllers. Of course, the metaverse is a long-term project — up till now NFTs have mostly been linked to the art world. Even so, sales surpassed $10.7 billion during the third quarter of 2021. No wonder so many NFT platforms are springing up to meet demand.

And it’s not just new platforms; last week Facebook confirmed that its emerging metaverse will support non-fungible tokens and virtual merchandise. Indeed, the social media giant is changing its name to Meta and its stock will soon trade under the ticker symbol MVRS. Those who claim that the metaverse is some kind of fad are starting to look pretty silly right about now.

We’ll see you at the AMA tomorrow.

📣 Previous Medium article — The Beauty of Revuto’s Referral Program: Share Revuto, Earn REVU!

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