Binance Unveils New AI NFT Platform

On Mar 2, 2023

The non-fungible token (NFT) generator turns words into NFTs through artificial intelligence (AI).

Binance Chief Executive Changpeng Zhao is working on a new masterpiece named “Bicasso”. The beta version of Bicasso was launched on Wednesday, March 1st with a limit of 10,000 mints. Consequently, the 10,000 mint limit was reached in the space of 2.5 hours, as fans went wild with the AI art.

On the platform, you can mint NFTs with the help of AI. Essentially, you upload an image onto the generator, and input your own words. Then, AI combines your input with its own intelligence to produce a unique piece of digital art.

Zhao wrote on his Twitter: “Here’s a fun new Binance AI product called Bicasso. You can turn your creative visions into NFTs with AI. Give it a try and show me what you make of it.”

Currently, there is no release date for the full version, but you can sign up to the waiting list on the Binance Twitter account.

Looks like you’re all enjoying #Bicasso!
Our team is currently working to increase the server abilities to reduce errors and to make the minting process smoother.
Though our beta quota of 10k NFTs is running out, you can still sign up to the waitlist for the full version. https://t.co/rgOozrTedG
— Binance (@binance) March 1, 2023

Bicasso takes off

Following the announcement of Bicasso going live, the Binance Twitter community tested the platform with some mixed results. Initially, some striking artwork was minted by members of the community, before some experienced delays due to high volume.

At present, you can play Bicasso from any browser on your PC or phone, but not the Binance application.

The platform comes hot on the heels of some serious AI hype surrounding new platforms like OpenAI’s ChatGPT.

Indeed, AI-inspired art is exploding with programs like Nightlife, Starry AI, and Deep AI.

AI art platforms leverage the latest AI technology to enhance human creativity.

Binance under scrutiny

Bicasso brings some welcome relief for Binance – the world’s largest crypto exchange by trading volume. Recently, the exchange has endured some testing regulatory challenges, including a clampdown on Binance USD, its stablecoin in the US.

Despite this, Binance is still innovating the Web3 space with its Fan Tokens and now its new NFT initiative, Bicasso.