German Intelligence Service Ventures into NFTs with Dog-Themed Collection to Attract Cyber Talent

The Bundesnachrichtendienst (BND), Germany’s foreign intelligence agency, has taken a creative approach to recruit cyber talent by launching a dog-themed non-fungible token (NFT) collection accompanied by an on-chain treasure hunt.

Known as the “Dogs of BND” collection, the NFTs draw inspiration from BND’s guard and security dogs, as well as various intelligence roles. The collection consists of 999 unique NFTs.

To participate in the treasure hunt and mint an NFT, interested individuals must find a character string posted on the BND’s Instagram account, which will lead them to an Ethereum address. By following the provided information, cyber talent can unlock the collection and become eligible to create an NFT.

In a recent interview with German crypto outlet BTC-Echo, the BND explained that the purpose of this initiative is to identify and attract cybersecurity talent. While most of the NFTs are available through the treasure hunt, twelve NFTs have yet to be released. The BND plans to introduce more challenging tasks in the future, with these remaining tokens as the ultimate prize.

Since gaining attention, the NFT collection has witnessed a surge in both floor price and trading volumes. Within a span of two days, the floor price rose from 0.000001 Ether (ETH) to 0.052 ETH, equivalent to approximately $100.

However, despite the substantial increase in value, the liquidity of the collection remains relatively low. On June 21, the total trading volume reached around 1 ETH, indicating that only approximately 20 NFTs were sold by collectors during that period.

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