Binance artificial intelligence’s newly launched nonfungible token (NFT) generator has created digital art at full capacity, reaching the cap of 10,000 NFT mints 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 vision into NFTs with AI,” after a few hours later with “Bicasso’s first pilot just ended with 10K NFTs printed in 2.5 hours. This AI was a little pushed out, but caught its own [breath] now.”
BICASSO’s first pilot just finished with 10K NFT printed in 2.5 hours. The AI is a bit stressed, but it’s breathing now. https://t.co/BBRevAdIUc
– CZ Binance (@cz_binance) March 1, 2023
The system is an AI-powered image generation tool similar to AI art platforms such as DALL-E. Users can upload an image such as a profile picture for the AI to work on, or they can enter creative directions that will generate a bespoke image created with the AI.
According to initial mint data, 9,909 owners created at least one NFT as part of the limited beta. The images are part of the pilot so they are not available for resale.
Users are eager to share their creations on crypto Twitter.
#Can is the new AI-powered NFT generator that Binance released in beta on Friday. It allows users to create NFTs by entering creative prompts or uploading images. Users can then print images as NFTs on Binance’s native BNBchain. Do you want to try it? pic.twitter.com/3hDy2Ife5Z
– Yuki Eliot (@yuki_binance) March 1, 2023
After Binance’s pilot launch acknowledge there are some glitches due to demand, stating:
“Our team is currently working to improve the server’s capabilities to reduce errors and make the minting process smoother.”
It added that those who missed the 10K beta quota can still sign up for the waiting list for the full version.
The latest NFT, “Bicasso AI #10445” was created just an hour ago, according to the platform.
related: AI generative art is predicted to be the next trend for the NFT sector
Generative art is a new archetype in the world of art that has been created in whole or in part using an autonomous system. On February 28, the famous auction house is Christie’s auctioned Taylor Hobbs “Fidenza #724”, NFT generated by computer algorithm, for $440,000.
In August, Google Cloud AI turned all 10,000 Bored Ape Yacht Club NFTs into machine-generated works of art.