Crypto’s First Reality TV Show, The Next Crypto Gem, Brings Web3 to The Mainstream
With elements of “The Apprentice” and “Shark Tank”, the world’s first crypto-focused reality TV show The Next Crypto Gem is drawing in audiences from more than 50 countries in the wake of its premiere earlier this month.
The TV entertainment industry is very often quick to jump on the back of interesting new trends, and as crypto gains more attention in the mainstream media, it’s no surprise that the industry is now making its reality TV debut.
Produced by The Hourglass Collective, The Next Crypto Gem follows the format popularized by Shark Tank, pitting dozens of crypto entrepreneurs against one another and asking them to present their concepts of a Web3, crypto-based business to people who have next to no knowledge of the industry.
Each of the contestants’ presentations is then analyzed by a team of judges made up of crypto industry experts. They include Brian D. Evans, the renowned crypto investor and entrepreneur; the crypto journalist and podcaster Layah Heilpern; and George Tung, host of the incredibly popular CryptoRus YouTube channel.
The Next Crypto Gem will also feature other well known crypto industry personalities, including the famous poker player Tom Dwan, and YouTuber Ben Armstrong of the BitCoy Crypto community. Kevin Harrington, of the original Shark Tank series, is also making cameos throughout season one.
The judges have been tasked with closely scrutinizing each project’s viability, relevance and innovativeness, in an effort to showcase to mainstream audiences the unique potential of blockchain, crypto and other Web3 technologies. It’s an extremely original way to introduce decentralized concepts to audiences who are not yet familiar with them.
The competing projects are being pitted against one another in a series of tournaments, with the winning team in each episode progressing to the series finale, where they stand the chance to win a grand prize that’s worth approximately $150,000.
One of the highlights of the show was WAGMI Games’ appearance in episode 2, when its co-founder and VP of Partnerships Scott Hermann made a spectacular entrance, donned in a cosplay-style “mech suit” that resembled the game’s most powerful character.
WAGMI Games, which is the creator of a popular Web3 game called WAGMI Defense, secured its spot in the grand finale after coming out tops in a key challenge, where its other co-founder Ian Bentley was asked to explain the term “NFT” to a room of so-called “no-coiners”, or people with absolutely zero knowledge or experience with crypto.
The @WagmiGameCo is a top opportunity in #crypto! They made it to "The Next Crypto Gem" finals and their Genesis NFTs are up 8x! No VC funding needed. Keep an eye on them, especially their new founders package.#NFA
— Your Crypto DJ (@yourcryptodj) September 18, 2023
Surprisingly, WAGMI’s team was able to demonstrate the concept of NFTs in a fun and relatable way, showing how the technology enables a better video gaming experience by allowing players to own in-game characters, weapons, skins and other items.
The episode helped to underscore the show’s emphasis on showcasing the essence of crypto and its culture, and showing how it can make a difference in people’s lives.
A new episode of Next Crypto Gem will be broadcast live and then made available on demand until it culminates with the grand finale on October 12. The Hourglass Collective is also said to be plotting a second season of the show that will hit the screen sometime in 2024.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
