Bicasso: Binance AI-Powered NFT Generator Reaches 10K Mints

2023/03/02By:

Bicasso: Binance’s new AI-powered non-fungible tokens (NFTs) generator has been producing digital art at full capacity, hitting a cap of 10K NFT mints in just 2.5 hours after launch.

 

On Mar. 1, the world’s largest crypto exchange Binance launched an AI-powered NFT generator called “Bicasso” in beta.

 

Binance CEO Changpeng Zhao told users “you can turn your creative visions into NFTs with AI,” following it up a couple of hours later with “Bicasso first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its [breath] now.”

 

The system is an AI-powered image-generation tool similar to AI-art platforms such as DALL-E. Users can either upload an image such as a profile picture for the AI to work on, or can type in creative prompts that will generate a bespoke image created with AI.

 

According to initial mint data, 9,909 owners created at least one NFT as part of the limited beta. The images were part of the pilot so are not available for resale.

 

Following the pilot launch Binance acknowledged there were a few glitches due to demand, stating:

 

“Our team is currently working to increase the server abilities to reduce errors and to make the minting process smoother.”

 

It added that those that missed out on the 10K beta quota can still sign up for the waitlist for the full version.

 

The most recent NFT, “Bicasso AI#10445” was minted just an hour ago, according to the platform.

 

Generative art is a new archetype in the art world that in whole or in part has been created with the use of an autonomous system. On Feb. 28, renowned auction house Christie’s auctioned Taylor Hobbs’ “Fidenza #724”, an NFT created with a computer algorithm, for $440,000.

 

Google Cloud Artificial Intelligence transformed all 10,000 Bored Ape Yacht Club (BAYC) NFTs into machine-made works of art in August.

 


 

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