Germany’s Federal Intelligence Service Launches New NFT Collection

• The cyber expert would need to find key information in order to mint an NFT.
• The BND said that it was trying to recruit cybersecurity experts.

In an effort to acquire blockchain expertise for the agency, Germany’s Federal Intelligence Service has launched around one thousand Non-fungible tokens (NFTs) on Ethereum.

The Bundesnachrichtendienst (BND), Germany’s foreign intelligence service, has established a dog-themed non-fungible token (NFT) collection with an on-chain hunt for treasure to attract qualified cyber specialists.

The Federal Intelligence Service (FISS) released its “Dogs of BND” collection in early June, which consists of 999 dog NFTs modeled after the BND’s guard and security canines and “different intelligence roles.”

Unique Way of Hiring

Moreover, the BND states on its website that the only way to get the NFTs is to locate the character string it put on Instagram, which leads to an Ethereum address. The cyber expert would need to use this knowledge to locate the collection in order to mint an NFT.

The BND said that it was trying to recruit cybersecurity experts when it talked to the German crypto news portal BTC-Echo on June 19.

There are twelve NFTs that have yet to be added to the collection. The BND has said that in the future, additional challenging tasks will be planned using these tokens as the reward. According to BTC-Echo, the BND is contemplating hosting a hacking contest revolving around smart contracts.

The NFTs’ floor price and trading volumes have both soared as the collection has gained more attention. The base rate increased from 0.000001 ETH to 0.052 ETH, or around $100, between June 21 and June 22.

Moreover, the collection’s liquidity hasn’t improved much despite the considerable increase in value. Only around 20 or so NFTs were likely sold by collectors on June 21, while the volume was roughly 1 ETH.

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