Germany’s Federal Intelligence Service, known as the Bundesnachrichtendienst (BND), has introduced a dog-themed NFT collection and initiated an on-chain treasure hunt to attract cyber talent. The agency has released close to 1,000 NFTs on the Ethereum blockchain as part of its efforts to recruit blockchain experts.
In June, the Federal Intelligence Service introduced the “Dogs of BND” collection, consisting of 999 dog-themed NFTs inspired by the agency’s guard and security dogs, as well as various intelligence roles. The NFTs can only be obtained by locating a specific character string posted on Instagram, which leads to an Ethereum address. To be able to mint an NFT from the collection, individuals with cyber talent must utilize this information to locate the collection.
The BND, in an interview with German crypto platform BTC-Echo on June 19, revealed that they developed the NFT collection and treasure hunt as an initiative to discover cybersecurity expertise. While the majority of the NFTs are available for collection, twelve of them are not yet accessible. The BND announced its intention to introduce more demanding challenges in the future, where these tokens will serve as prizes.
According to BTC-Echo, the BND is contemplating a smart contract hacking challenge. As a result of increased interest in the collection, the floor price and trading volumes of the NFTs have experienced a significant surge.
Within a span of just one day, from June 21 to June 22, the floor price of the collection surged from 0.000001 ETH to 0.052 ETH, equivalent to approximately $100. Despite this considerable increase in value, the liquidity of the collection remains relatively low. On June 21, the total volume of the collection reached approximately 1 ETH, indicating that only around 20 NFTs were purchased by collectors.