Binance NFT Introduces AI-Driven NFT Generator, Enabling Users to Create Custom Artworks
Binance’s nonfungible token (NFT) division has revealed the launch of its innovative AI-powered NFT generator, allowing users to craft personalized artworks using advanced artificial intelligence technology. Named “Bixel,” the AI NFT generator has become a permanent feature available to all Binance NFT users.
By utilizing this tool, users can delve into the world of NFTs and produce distinct digital art pieces. However, to access the generator, individuals must undergo Binance’s know your customer (KYC) identity verification process. This step is vital to maintaining a secure and reliable platform for all users, aligning with industry best practices and regulatory standards.
Moreover, those interested in minting NFTs using Bixel are required to pay a minting fee of 0.008 BNB (BNB is Binance’s native cryptocurrency), which currently amounts to approximately $1.9. The fee ensures the proper execution of the NFT creation process within the BNB smart chain.
Binance Offers Users Ten Daily Free Artwork Generation Attempts Using AI
The crypto exchange has introduced a new feature allowing users to create artwork utilizing AI technology. Each day, users will have ten opportunities to produce art for free using this AI-powered tool. The artwork generator, named “Bicasso,” was initially launched as a test version and later released as a beta version on March 1.
Within an astonishing 2.5 hours after its release, the beta version of “Bicasso” reached its maximum capacity, generating the allotted limit of 10,000 NFTs. However, shortly after the beta launch, allegations arose that Binance had copied the idea for the AI NFT generator from the winners of the BNB Chain hackathon, who had developed a project called “Chatcasso” and claimed first prize in Seoul, South Korea, in December 2022.
In response to the accusations, a Binance spokesperson denied any wrongdoing, asserting that “Bicasso” had been independently developed two weeks prior to the hackathon. Despite the controversy, the AI NFT generator has now become a fully functional feature on the platform, providing users with exciting opportunities to explore the realm of digital art.