Shark Tank Web3 Spin-off Ruffles Crypto Twitter Feathers, Judges Called Scammers

The web3 spin-off of the iconic Shark Tank series started a Twitter debate after the episode preview. Titled “Killer Whales: Sink or Swim Crypto Pitches,” the show intends to promote crypto and other web3 startups.

However, Twitter users are divided over the panel of judges, whom some have boldly labeled as “scammers.”

Web3 TV Show Began Filming in June

The web3 show mirrors the popular Shark Tank series, known to have its local versions in various countries. Killer Whales  a worldwide broadcast to over 55 countries through major streaming platforms, including the HELLO TV app.

The judges comprise personalities from various domains, including names like Athena Group founder Mario Nawfal, music maven Illa Da Producer, businessman Anthony Scaramucci, Crypto Banter Media Founder and VC Ran Neuner, Bitget’s Managing Director Gracy Chen, comedian Kevin Sonei, blockchain security expert Yevheniia Broshevan, web3 analyst Alex Finn, crypto trader Wendy, Altcoin Daily co-founders Austin Arnold and Aaron Arnold, and entrepreneur Cordell Broadus.

The show has promoted its panel as experts with diverse backgrounds and expertise in the web3 world. However, the star-studded pick to review the potential of web3 startups has not pleased everyone.

Concerns Erupt for the Judges Panel

Crypto influencer  did not hold back, condemning the show as “literal AIDS” and labeling the judges as “crypto grifters and scammers.” His critique struck a chord with some.

Don Alt expressed concern, asking where the industry went wrong to produce a show like this. The influencer quipped,

“I thought something like this would take 10 generations of incest to be produced but apparently, 10 years is enough.”

Meanwhile, web3 businesses are also actively getting a platform in other countries. Thailand’s Kasikornbank, for instance, has launched a $100 million web3 and AI fund to tap into the internet economy in Asia Pacific. The region is expected to reach $1 trillion by 2030.

Conversely, India has seen a decline in the number of new startups in the sector. It signifies a massive drop from 261 startups in 2021 to just 12 halfway through 2023. Funding has mostly dried up, and the regulatory uncertainty keeps the business slow, as per reports.