The non-fungible token (NFT) collection was made available by the German Intelligence Agency Bundesnachrichtendienst (BND) in order to attract talent using a gamified blockchain treasure hunt.
The organization published “Dogs of BND” earlier this month, which is a collection of 999 generative dog-themed profile photographs (PFPs) sporting wearables with cyber security themes. The only way to obtain the NFTs is to finish a cyberquest and find a hidden string of characters in order to mint them into the collection.
On its website, the federal organization states that German residents who choose to search for the Dogs of BND collection must find a string of characters (in this example, a wallet address, transaction hash, block or token number) that was concealed as a clue. Players are permitted entry into the collection once they discover the right information.
The floor price of the collection on the secondary market OpenSea is presently 0.045 ETH, or around $82, despite the NFT minting costs being less than one penny (excluding gas fees). Although the collection has 999 NFTs, only 987 of them are accessible to players for minting. Once all 987 tokens have been created, the treasure hunt will be over.
The hunt is intended to find young talent who are proficient in blockchain technology, according to the German cryptocurrency newspaper BTC Echo, in order to lessen cybercrime. In order to attract consumers who are adept at social media and curious about NFTs, it has also tapped into its Instagram following.
In the future, “we are also looking for talents in the field of cyber security,” the organization told BTC Echo. Therefore, an NFT collection was a clear new option for our Instagram community.
Even if the BND is incorporating NFTs into its hiring strategy, not all government organizations are fit to use tokenized assets in their plans. The Royal Mint will produce an NFT for the U.K. government starting in April 2022. It did, however, abandon its plans to proceed with the NFT in March of this year due to speculative risk and financial risk.