Binance’s AI-powered NFT generator hits 10K mints in 2.5 hours
Binance’s recently launched AI-powered non-fungible token generator has been churning out digital art at full capacity, hitting a cap of 10,000 NFT mints in just 2.5 hours after launch.
On March 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,” followed up a few hours later with “Bicasso’s first pilot just completed with 10K NFT minted in 2.5 hours. AI was a little stressed, but caught up [breath] now.”
BICASSO first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a bit stressed, but caught its breath now. https://t.co/BBRevAdIUc
— CZ Binance (@cz_binance) 1 March 2023
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 with, or enter creative questions that will generate a custom image created with the AI.
According to initial coin data, 9,909 owners created at least one NFT as part of the limited beta. The images were part of the pilot, so they are not available for resale.
Users were eager to share their creations on Crypto Twitter.
#Bicasso is a new AI-powered NFT generator that Binance launched in beta on Wednesday. It allows users to create NFTs by entering a creative message or uploading a photo. Users can then mint their images as NFTs on Binance’s native BNBchain. Do you want to try it? pic.twitter.com/3hDy2Ife5Z
— Yuki Eliot (@yuki_binance) 1 March 2023
After the pilot launch Binance acknowledged there were a few errors due to demand, and said:
“Our team is currently working on increasing the server’s capabilities to reduce errors and to make the minting process smoother.”
It added that those who missed the 10K beta quota can still sign up for the full version waiting list.
At the time of writing, “Bicasso AI#10445” was the last minted NFT, according to the platform.
Related: AI generative art predicted to be the next trend for the NFT sector
Generative art is a new archetype in the art world, which has been created in whole or in part through the use of an autonomous system. February 28, the renowned auction house Christie’s auctioned Taylor Hobbs “Fidenza #724”, an NFT made with a computer algorithm, for $440,000.
In August, Google Cloud AI transformed all 10,000 Bored Ape Yacht Club NFTs into machine-made works of art.
