June 24, 2023

German Federal Intelligence Service Launches NFTs for Hiring Cyber Talent

German BND NFTs

German BND NFTs

The Bundesnachrichtendienst (BND), the foreign intelligence service of Germany, launched a collection of dog-themed NFTs with an on-chain treasure hunt with the aim to hire cyber talent. 

Earlier in June, the Bundesnachrichtendienst released its NFT collection, called “Dogs of BND,” on OpenSea which includes 999 dog-themed NFTs inspired by BND’s guard and security dogs in different forms of intelligence roles with a floor price of 0.025 ETH, according to Cointelegraph

According to the BND’s website, the NFTs can be collected only by searching or tracking a character string (address, transaction hash, block, or token) published by the German Federal Intelligence Service, which gives them a hidden clue. The cyber talent will use this information to find the collection and mint an NFT. 

It is worth mentioning that employees of the Federal Intelligence Service are excluded from participation and only people who live in Germany and are at least 13 years old are eligible to participate.

The BND also pointed out that 12 of these NFTs will be excluded for more difficult challenges in the future to be the prizes. 

In Germany, NFTs have multi proposes as they are used in virtual lands in virtual worlds, game characters, digital trading cards, or crypto art. Germany topped the world’s countries as the most crypto-friendly country as it adopted blockchain technology to boost digital transformation. 

Therefore the country became an attractive hub for developing Web 3.0, NFT, metaverse, and blockchain applications. Germany is now one of the leading countries regarding crypto investments, so the report predicted that the country would witness substantial growth in the next three to four years. 

A report named “The Europe NFT Market Intelligence and Future Growth Dynamics Databook“, issued by the world’s largest market research store, Market and Research, said the NFT industry in Europe is predicted to increase by 46.8% on an annual basis to register $13353.4 million in 2022. 

From 2022 to 2028, Europe’s NFT industry is expected to hit compound annual growth of 33.4%, while the NFT spend value in the continent will continue to grow to hit $13353.4 million in 2022 to reach $68558.5 million by 2028.

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