Within 2.5 hours of its launch, Binance’s AI-powered nonfungible token generator had already minted its maximum of 10,000 NFTs, representing digital artworks.
Binance released a beta version of an artificial intelligence-powered NFT generator named Bicasso on March 1. The limited beta version of Bicasso could quickly and easily transform any profile picture uploaded by a user into a work of digital art.
Binance CEO Changpeng Zhao told users they could turn their creative ideas into NFTs with AI, a few hours after which the Bicasso first pilot accomplished 10K NFTs minted in 2.5 hours. The AI was feeling the strain but finally caught its breath.
The system is an artificial intelligence (AI)-powered picture generator, much like DALL-E or other AI-art platforms. The user may provide an existing image (such as a profile photo) for the AI to work with, or they can enter into creative suggestions to produce an entirely new idea.
First, data from the mint indicates that 9,909 owners made at least one NFT during the closed beta. Since they were included in the pilot, these photos cannot be resold.
Members of Crypto Twitter were excited to show off their latest works. However, Binance said after the trial launch, “There were a few hiccups due to demand.”
The firm strives to enhance the server’s capabilities to reduce mistakes and streamline the minting process. It was also said that anybody who didn’t cut the beta’s first 10,000 spots may still join the final release’s waiting list.
Employing an autonomous system to generate artwork is ushering in a new paradigm in the art industry. Taylor Hobbs’ “Fidenza #724”, an NFT made using a computer algorithm, sold at Christie’s on Feb.28 for $440,000.