In its endeavor to attract blockchain experts for the organization, Germany’s Federal Intelligence Service has uploaded approximately 1,000 NFTs on the Ethereum platform.
The Bundesnachrichtendienst (BND), which is Germany’s foreign intelligence agency, has recently introduced a collection of nonfungible tokens (NFTs) with a dog theme. The agency has also initiated an on-chain treasure hunt with the objective of attracting and recruiting skilled cybersecurity personnel.
In the month of June, the Federal Intelligence Service introduced its “Dogs of BND” collection. This collection consists of 999 dog NFTs which draw inspiration from BND’s guard and security dogs, as well as from various intelligence-related roles.
As stated on the BND’s official website, the NFTs can only be collected by discovering a specific character string that has been posted on Instagram. This string leads to an Ethereum address, which must be utilized by individuals possessing the necessary cyber skills to locate the collection and qualify for the minting of an NFT.
On the 19th of June, the BND engaged in a conversation with the German cryptography publication, BTC-Echo. During this exchange, the agency disclosed that it had initiated a collection and challenge process with the aim of identifying and attracting competent cybersecurity professionals.
According to current information, twelve of the Non-Fungible Tokens (NFTs) within the collection are not currently available for acquisition. The Bureau of Non-Digital Affairs (BND) has expressed its intention to offer these tokens as prizes for more complex challenges in the future. It has been reported by BTC-Echo that the BND is contemplating a smart contract hacking challenge. As a result of the increased attention received by the collection, both the floor price and trading volumes of the NFTs have experienced a significant surge.
During the period of June 21 to June 22, there was a notable increase in the floor price of the collection, rising from 0.000001 Ether (ETH) to 0.052 ETH, equivalent to approximately $100. Despite the significant rise in value, the collection still exhibits a relatively low level of liquidity. On June 21, the total trading volume for the collection was approximately 1 ETH, indicating that only a limited number of around 20 NFTs were purchased by collectors.
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