Binance’s AI NFT generator gets overwhelmed by requests within an hour of launch

Binance CEO Changpeng Zhao, popularly known as ‘CZ,’ announced the launch of the beta version of an artificial intelligence (AI) generator of non-fungible tokens (NFTs), Bicasso, on March 1.

Within an hour of the announcement, however, the AI tool received more requests than it could handle. The tool started prompting, “Too many requests in queue, please try again later.”

Bicasso helps users turn “creative visions into NFTs with AI,” CZ said. Users have to simply upload an image and enter a few “magic words” or keywords describing their vision, and Bicasso will produce an AI-generated NFT. It is similar to AI art generators, where AIs can come up with paintings that represent your vision. The beta version of Bicasso is limited to 10,000 NFT mints only.

Some users shared images of the NFTs after they finished minting with Bicasso. But more complained about the AI tool being congested. CZ said that the AI is “busy” because it is single-threaded and the team is working on reducing the congestion.

Journalist at CryptoSlate

Monika started reading about crypto in 2020 and went deeper and deeper down the rabbit hole. While she is always skeptical of new projects, she earnestly believes blockchain and the crypto industry can relieve some of our time’s most pressing problems, including financial inequality and transparency. She is a voracious reader, and her fondness for food only rivals her love for books.