In under 2.5 hours, Binance’s AI-powered NFT generator generates 10,000 mints
In the limited beta, Bicasso was quickly transforming user-submitted profile photographs into works of digital art.
In just 2.5 hours after going live, Binance’s recently introduced artificial intelligence-powered nonfungible token (NFT) generator had already produced 10,000 NFTs at full capacity.
The world’s largest cryptocurrency exchange Binance introduced “Bicasso,” an AI-powered NFT generator, in beta on March 1.
You can utilize AI to turn your original ideas into NFTs, Binance CEO Changpeng Zhao informed users. A few hours later, he added, “Bicasso’s first pilot just finished with 10K NFT minted in 2.5 hours. The AI had been a little anxious but had now calmed down.
The system is an AI-powered tool for creating images, comparable to AI-art platforms like DALL-E. Users can either fill in creative suggestions to generate a custom image created using AI or upload an image, such as a profile photo, for the AI to work on.
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9,909 owners produced at least one NFT as part of the limited beta, according to first mint data. Since the photographs were used in the pilot, they cannot be purchased separately.
On crypto Twitter, users were eager to share their inventions.
Following the pilot launch Binance acknowledged there were a few glitches due to demand, stating:
It also stated that anybody who didn’t make the 10K beta quota could still join the waitlist for the final version.
According to the platform, “Bicasso AI#10445” is the most recent NFT to have been created.
An entirely or partially autonomous system was used to make generative art, a new archetype in the field of visual arts. Taylor Hobbs’ “Fidenza #724”, an NFT made using a computer algorithm, was sold at auction on February 28 by renowned auction house Christie’s for $440,000.
All 10,000 Bored Ape Yacht Club NFTs were turned into artificially intelligent works of art in August.
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