NFT

Binance AI-powered NFT Generator Reaches Minting Cap In 2.5 Hours

Key Points:

The Binance CEO said on Twitter yesterday evening that the first test of Bicasso was completed and 10,000 NFTs were minted within 2.5 hours.
According to official data, there are currently 9,904 sole owners of the Bicasso AI collection.
Users who missed the 10,000 NFT quota can still sign up for the full version of the waitlist.

Changpeng Zhao (CZ), the CEO of Binance, announced the introduction of a new non-fungible token (NFT) platform infused with artificial intelligence (AI) Wednesday.

The AI-focused product is called Bicasso, and according to CZ, the beta version was only available for 10,000 mints yesterday.

But, the AI tool got more demands than it could manage within an hour of the announcement.

“Too many requests in queue, please try again later.” the tool began to prompt.

CZ said on Twitter yesterday evening that the first pilot of Bicasso has been completed, and 10,000 NFTs were minted within 2.5 hours (reaching the minting limit).

According to official data, there are currently 9,904 unique holders of Bicasso AI pilot collections. These images are part of a pilot and, therefore, not for resale. According to Binance’s official Twitter, users who missed the 10,000 NFT quota can still register for the full version of the waiting list.

Bicasso allows users to give detailed suggestions for the AI to use, similar to other AI-infused painting tools. In order to add to the image creations, individuals can contribute images of a person, an animal, or a landscape. In CZ’s Twitter thread, some individuals showed the Binance CEO their AI creations, while others saw an error message advising them to try again since the system was busy. The CEO of Binance said:

The tool is an AI-powered tool for creating images, comparable to AI-art platforms like DALL-E. Users may either fill in creative suggestions to build a custom image made using AI or upload an image, such as a profile photo, for the AI to work on.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.