Benzinga - by Khyathi Dalal, Benzinga Staff Writer.
Crypto's version of "Shark Tank" — called Killer Whales — is set to premiere on Feb. 8.
What Happened: The show, produced by CoinMarketCap and HELLO Labs, will feature Wall Street financier Anthony Scaramucci as the anchor.
Scaramucci, known by his nickname "The Mooch," is also the former White House Director of Communications and founder of investment firm SkyBridge Capital.
Paul Caslin’s brainchild will dedicate each episode toward showcasing a distinct Web3 genre from non-fungible tokens (NFTs), to gaming and emerging technologies.
Contestants will pitch various cryptocurrency projects and showcase them to a broader audience.
The panel of "Killer Whale Judges" will include popular influencers, venture capitalists and famous founders.
While the premiere is slated for next week and will be available on all leading streaming platforms from March 11.
Also Read: GameStop Shuts Down NFT Platform Citing 'Continuing Regulatory Uncertainty'
Why It Matters: While these judges do not provide funding like the actual Shark Tank show, a "SWIM" vote by the whales gives validation and exposure to the project, while a SINK vote is the contrary.
A 5 out of 5 score wins a special promotional package from the show's co-producer for a broader target audience reach, as reported by Nasdaq, citing an interview with Caslin.
The projects can be of any size, with the only criteria being "your cryptocurrency or NFT must already be released." In season 1, there will be 22 projects spread across five episodes. It will also have an episode that looks at digital security and how to stay safe in the space.
A crypto investor, Jolly Green Investor, tweeted that the timing for the launch of Killer Whales by Hello Labs could not be more perfect. He humorously adds that everyone will chase $HELLO once the show hits the mainstream platform and goes global.
The token Hello Labs surged 38.9% in a single day, riding on a 76.5% volume increase.
What's Next: The show is part of a recent trend that sees crptocurrencies and NFTs slowly re-entering mainstream culture, as evidenced by the surge in Trump NFT sales.
Read Next: Mark Cuban Wants To Build New American Cities On Blockchain: 'Send Me An NFT That Unlocks...'
Image: Pixabay
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