Binance AI NFT Generator Delights KYC-Verified Traders

Key Points:

• Crypto exchange Binance launches AI NFT generator.
• Users can produce custom digital art using AI technology.
• The minting fee ensures proper execution in BNB smart chain.

Binance NFT has launched its AI NFT generator called “Bixel” which allows users to create custom artworks using AI technology.

This tool has become permanently available to users since July 26, 2021. The trading platform stated that the AI NFT generator helps users produce unique digital art, making it easier for them to join the world of NFTs.

To use the AI NFT generator, users must complete BNB’s know-your-customer (KYC) identity verification process. BNB has emphasized that this is a critical measure that ensures a trustworthy and secure platform for all users, aligning with best practices and regulatory requirements.

Before using the tool, users must pay a minting fee of 0.008 BNB, which is approximately $1.9 at the time of writing. The minting fee is essential to ensure the proper execution of the NFT creation process within the BNB smart chain. Additionally, when it comes to generating artwork using AI, Binance NFT provides ten chances for users to produce art for free each day.

A beta version of the AI NFT generator was launched. BNB released the beta version on March 1, 2021, and named it “Bicasso”. The beta version reached its full capacity within 2.5 hours, achieving the allotted minting limit of 10,000 NFTs shortly after it went live.

Just days after the beta launch, Binance was accused of stealing the AI NFT generator idea from BNB Chain hackathon winners. Community member “ggoma” alleged that Binance copied their project called “Chatcasso,” which won first prize at the BNB Chain hackathon held in Seoul, South Korea back in December 2020. A Binance spokesperson denied the allegations and claimed that “Bicasso” was developed independently two weeks before the hackathon.

Binance NFT has continued to develop its AI NFT generator. With the launch of “Bixel,” users can now produce custom artworks using AI technology and join the world of NFTs more easily.