Reality show to pit Twitch streamers against each other to win 1 BTC
The series’ website issued a notice in May warning of a “fraudulent cryptocurrency scheme” using its branding to lure investors.
The House of Streams, a Netflix series licensed for the UK and Ireland, will feature online streamers in competitions to take home one Bitcoin.
According to the show’s website, eight contestants with a combined four million followers will appear on the reality TV series, set to premiere on June 18. The series will reportedly have Twitch streamers compete in a series of challenges to win 1 Bitcoin
, worth more than $104,000 at the time of publication.
It’s unclear why the Malta Film Commission, behind the production and filming of the show, chose to focus on a cryptocurrency prize for the contestants, but the creator of the series, Mark Holland, reportedly said “…the final reward couldn’t have been a simple cash prize or a trip to the Maldives.” The website issued a notice suggesting that some individuals had already used the show’s association with digital assets to issue a fraudulent memecoin.
“We support Bitcoin and no other memecoin,” the House of Streams said in a May 22 statement.
Netflix is no stranger to shows about crypto and blockchain, having been behind documentary series including Trust No One: The Hunt for the Crypto King on the downfall of crypto exchange QuadrigaCX. The streaming service announced in May that it had greenlit production for The Altruists, on the lives of former FTX CEO Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison.