Digital Assets: Binance Creates AI-Fueled Frenzy On Bicasso, Its NFT Generator
Bicasso is an AI-infused platform for generation of NFTs.
Binance, the largest cryptocurrency exchange by trade volume, has announced the launch of Bicasso, an AI-based art generation platform that allows users to create and mint NFTs on demand. The beta version of Bicasso was launched on March 1, but the overwhelming demand for the platform caused technical issues, with the hard cap of 10,000 NFT mints selling out within just 2.5 hours.
“Here’s a fun new Binance AI product called Bicasso,” Binance chief CZ had tweeted on Wednesday. “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.” (Bitcoin.com)
The platform has now been closed for testing, and interested users can join a waitlist to use the product.
Bicasso is just one of several AI-infused art programs that have recently gained popularity, including OpenAI’s ChatGPT and art programs like Nightcafe, DALL-E, Starry AI, Jasper, and Deep AI. The combination of AI and NFTs has become an exciting new trend in the art world, and Binance is looking to capitalize on this growing interest.
Binance CEO Changpeng Zhao was quick to respond to user complaints about the technical issues with the beta version of the NFT generator, explaining that the AI app had become overloaded with requests and more clones needed to be deployed to handle demand.
Despite the issues, the beta version of the software was a success, demonstrating the high demand for AI art products in the NFT space.
Overall, the launch of Bicasso demonstrates the growing interest and potential for AI in the art world, and Binance is positioning itself as a major player in this space. The overwhelming demand for the beta version of Bicasso suggests that there is a significant market for AI-generated art, and it will be interesting to see how this trend develops in the future.
Related Story: OpenAI Launches ChatGPT, A New Conversational AI System
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