Netflix has approved a reality TV series inspired by its hit show “Squid Game”.

The streaming platform has approved a reality TV series called “Squid Game: The Challenge”, which will pit 456 contestants against each other in a series of games inspired by the hit show.

Up for grabs is a $4.56 million reward — which Netflix claims is the biggest cash prize in reality TV history.

“The stakes are high, but in this game, the worst fate is to go home empty-handed,” the company said in a statement on Tuesday.

Netflix has opened the cast of the show to English speakers around the world. Filming will take place in the UK. The series is co-produced by production companies Studio Lambert and The Garden, part of British broadcaster ITV.

Released in 2021, “Squid Game” quickly became an international hit. It is the most-watched show of all time on Netflix, with 1.65 billion hours watched in the first 28 days of its release.

Set in South Korea, “Squid Game” sees 456 financially challenged gamers risk their lives through various deadly children’s games for a big cash prize. Hwang Dong-hyuk, the show’s creator, drew inspiration for the show from his own family’s struggles after the 2008 financial crisis. A second series is now officially in the works.