Subscription Process

Definition ∞ A subscription process is the procedure by which an individual or entity formally agrees to purchase or receive a service or product regularly. This often involves signing up, providing payment details, and agreeing to terms for ongoing access or delivery. In finance, it can refer to the initial acquisition of shares in a fund or a new security offering. The process establishes a recurring relationship between the provider and the consumer.
Context ∞ In the digital asset space, the subscription process might relate to obtaining access to premium blockchain analytics, recurring payments for decentralized applications, or participating in the initial offering of certain tokenized assets. News could cover innovations in using smart contracts to automate and manage these processes on-chain. The efficiency and transparency of subscription models are areas of development within the Web3 economy.