Binance, a leading cryptocurrency exchange, has launched a new non-fungible token (NFT) generator called “Bicasso”, that uses artificial intelligence (AI) to create unique images. Similar to DALL-E and Midjourney, users can enter a creative prompt or upload an image to generate an NFT on Binance’s native BNB chain.
You can turn your creative visions into NFTs with AI. Give it a try and show me what you make with it.
Beta version live now, limited to 10k mints.
— CZ 🔶 Binance (@cz_binance) March 1, 2023
The platform has already seen a surge in users since the launch, with nearly 3,300 users minting at least one Bicasso NFT. However, the initial free mint is limited to 10,000 NFTs, and users can register for the waitlist for the final version.
Generative art technology has been gaining traction in the past year, and the integration of AI with Web3 has attracted the crypto community’s attention. While some users were impressed with the new tool, others expected more innovation from the company.
— Preda 🔶 Crypto (@PredaCrypto) March 1, 2023
Binance CEO Changpeng Zhao encouraged users to try out Bicasso and showcase their creative visions as NFTs. The NFT market has weathered the crypto winter with high prices and increasing trading volumes, making it an attractive option for artists and collectors alike.
With the launch of Bicasso, Binance aims to provide a new platform for users to experiment with AI and NFTs. However, the heavy traffic on the site has led to long wait times, and CZ confirmed that the AI was overworked. Despite the initial hiccups, the Bicasso NFT generator has sparked conversations around NFTs and AI, highlighting the potential for innovation in the Web3 world.