Binance has recently launched an AI-powered NFT generator called “Bicasso”, and it has been churning out digital art at full capacity. In just 2.5 hours after launch, the platform had reached its cap of 10,000 NFT mints.
The system is an AI-powered image-generation tool that allows users to either upload an image or type creative prompts to generate a bespoke image created with AI. According to initial mint data, 9,909 owners created at least one NFT as part of the limited beta.
Users were eager to share their creations on Crypto Twitter, and Binance acknowledged there were a few glitches due to demand. It added that those that missed out on the 10K beta quota can still sign up for the waitlist for the full version.
Generative art is a new archetype in the art world, having in whole or in part been created through the use of an autonomous system. On Feb. 28, renowned auction house Christie’s auctioned Taylor Hobbs’ “Fidenza #724”, an NFT created 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.
Binance’s AI-powered NFT generator is a revolutionary tool that is pushing the boundaries of what is possible in the art world. With its ability to generate bespoke images, it is sure to be a hit with both artists and collectors alike.