March 2, 2023

Binance’s Bicasso Trendy after Minting 10,000 NFTs in 2.5 Hrs

Binance’s Bicasso Trendy after Minting 10,000 NFTs in 2.5 Hrs Featured Image

Binance launched a new AI-based NFT generator, called Bicasso, which became trendy in the crypto community on Twitter, especially after hitting 10,000 NFT mints in just 2.5 hours after launch.

Launched on March 1 in beta, the leading crypto exchange said Bicasso is accessible from Binance.com, as it asks its users to type a sentence, a sequence of words, or upload a picture on which the AI will work, or simply a description of the uploaded picture, according to Cointelegraph. In minutes, the NFT will be minted for free.

Binance CEO Changpeng Zhao announced on Twitter: “Bicasso’s first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its [breath] now.” hours following he told the users: “you can turn your creative visions into NFTs with AI,” following it up a couple of hours later with.”

As many as 9,909 owners created at least one NFT during the limited beta duration, but these images are not resale. The crypto community on Twitter was keen to share their creation.

But unfortunately, there were some glitches that happened due to the increasing demand. In this regard, Binance noted: “Our team is currently working to increase the server abilities to reduce errors and to make the minting process smoother.”

Binance was not the first crypto exchange that took such a step. Earlier, Solvo, a European crypto start-up, launched its official app, which includes several features, topped by creating NFTs using AI.

It offers three products, mainly creating NFTs using a generative AI. Those who want to create their personalized NFTs describe the type of image they want or upload or take the photo. Solvo seeks to facilitate the process of creating, owning, and minting an NFT to attract more NFT artists to the crypto world.

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