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Netflix Introduces Bitcoin Prize for Streamers in ‘House of Streams’

Netflix is making headlines with its upcoming reality show, 'House of Streams,' which promises an intriguing twist by offering a prize of 1 Bitcoin to the winning streamer.

Set to premiere on June 18 in the UK and Ireland, this innovative show will feature eight streamers who collectively boast a following of four million.

The contestants, known for their presence on platforms like Twitch, will engage in a series of challenges for a chance to win the Bitcoin prize, valued at over $104,000 at the time of this announcement.

While the producers have teamed up with the Malta Film Commission for the show's development, the choice of a cryptocurrency prize instead of traditional rewards raises questions among fans and critics alike.

Mark Holland, the creator of the show, hinted that the decision was meant to push boundaries, suggesting that “this couldn't simply be a cash prize or a trip to the Maldives.”

In a cautionary note, the show's producers emphasized that they support Bitcoin exclusively and warned against scams involving fraudulent tokens pretending to be related to the show.

This isn't Netflix's first foray into crypto-related content; the platform has previously explored themes such as the QuadrigaCX collapse and the lives of prominent figures in the cryptocurrency space.

The current cast features popular streamers like The Black Hokage, CyborgAngel, and OutplayedByJade, although they have yet to comment on their participation officially.

This launch comes during a time of heightened concerns regarding the safety of individuals within the crypto community, following a spate of violent incidents targeting crypto holders.

As the competition gears up, it remains to be seen how the intersection of traditional entertainment and cryptocurrency will unfold in this ambitious Netflix venture.