German Foreign Intelligence Agency Launches Dog's Theme Nonfungible Token Collection (NFT) To Recruit Cyber Talent

JAKARTA - The German Federal Intelligence Agency, Bundesnachrichtendienst (BND), has launched a collection of nonfungible tokens (NFT) with dog themes and blockchain-based puzzle games in an effort to recruit talent in cybersecurity.

In early June, BND launched a collection of "Dogs of BND" 999 NFT dogs inspired by guard dogs and BND security as well as "various intelligence roles."

According to the BND website, NFT can only be collected by finding a series of characters posted on BND's Instagram and pointing to the Ethereum address. Talents in cybersecurity must use this information to find collections and obtain NFT.

Kann mir bitte jemand sagen dass diese rohrkrepierende NFT-Kollektion des BND namens "Dogs of BND" nicht aus Steuergeldern finanziert wurde? pic.twitter.com/VTRM8m62pa

— Quentin Lichtblau | @lichtblauq@det.social (@LichtblauQ) June 21, 2023

Kann mir bitte jemand sagen dass die rohrkrepierende NFT-Kollektion des BND names "Dogs of BND" nicht aus Steuergeldern financialziert wurde? pic.twitter.com/VTRM8m62pa

On June 19, BND spoke with German crypto media BTC-Echo; the agency said it was making these collections and challenges to find talent in cybersecurity.

Twelve of these NFTs are not yet available in the collection. BND said it plans to launch a more difficult challenge in the future with these NFTs as gifts.

BTC-Echo reports that BND is considering the challenge of smart contract hacking.

Since this collection gained more attention, the base price and trading volume of NFT have experienced a significant spike.

Between June 21 and June 22, the base price jumped from 0.000001 Ether (ETH) to 0.052 ETH, worth about 100 US dollars (IDR 1.5 million).

Despite a significant spike in value, liquidity in this collection is still quite low. On June 21, the total volume of this collection was only about 1 ETH, which showed that only about 20 NFTs or more were sold to collectors.