German Intelligence Agency Launches NFT Collection to Attract Cyber Talent

Germany’s foreign intelligence agency, the Bundesnachrichtendienst (BND), has launched a collection of 999 dog-themed non-fungible tokens (NFTs) on Ethereum aimed at attracting cybersecurity talent. The “Dogs of BND” collection is inspired by BND’s guard and security dogs and features different intelligence roles. To be eligible for minting an NFT, cyber talent needs to find a character string posted on Instagram that points to an Ethereum address where the collection is located. Twelve of the NFTs are not yet available in the collection, with the BND planning more difficult challenges in the future with these tokens as the prize, including a smart contract hacking challenge. Since the collection received more attention, the floor price and trading volumes of the NFTs have skyrocketed, with the floor price jumping from 0.000001 ETH to 0.052 ETH ($100) between June 21-22. However, liquidity in the collection remains low, suggesting only around 20 or so NFTs were sold by collectors.

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