The BND Barks Up the Crypto Tree
Germany’s foreign intelligence agency, the Bundesnachrichtendienst (BND), has ventured into the crypto world with a unique initiative. The BND has launched a dog-themed nonfungible token (NFT) collection with an on-chain treasure hunt, aiming to recruit cyber talent.
The Dogs of BND Collection
Earlier in June, the Federal Intelligence Service unveiled its “Dogs of BND” collection. This assembly comprises 999 dog NFTs inspired by BND’s guard and security dogs, as well as diverse intelligence roles.
According to the BND’s website, the NFTs are only collectible by discovering a specific character string. This string, which the BND posted on Instagram, points to an Ethereum address. Prospective recruits need to use this information to locate the collection and become eligible to mint an NFT.
BND’s Cryptic Recruitment Drive
On June 19, the BND spoke to the German crypto outlet BTC-Echo. The agency disclosed that it had created the collection and the challenge to scout for cybersecurity talent.
Not all tokens are up for grabs in this collection yet. The BND has hinted at planning more challenging endeavors in the future, with these exclusive tokens serving as prizes. The BND is also reportedly considering a smart contract hacking challenge, according to BTC-Echo.
Surge in NFT’s Value and Trading Volumes
Since the BND’s innovative recruitment drive has started gaining attention, both the floor price and trading volumes of the NFTs have soared. Between June 21 and June 22, the floor price experienced a significant leap from 0.000001 Ether (ETH) to 0.052 ETH, worth approximately $100.
However, despite the noticeable spike in value, the liquidity on the collection remains fairly low. As of June 21, the collection’s total volume was around 1 ETH, suggesting that only about 20 or so NFTs were sold by collectors. Despite this, the BND’s innovative recruitment strategy has certainly added a unique flair to the world of cyber talent acquisition.
