On March 1, Binance, the world’s largest cryptocurrency exchange, launched the beta version of “Bicasso,” the new artificial intelligence service for creating non-fungible tokens (NFTs).
According to Binance, users will be able to easily materialize their creative visions by converting them into NFTs through this new AI tool.
How does “Bicasso” work?
“Bicasso’s advanced AI technology allows you to paint the picture of your dreams with ease. Just enter a description of what you want to see, a ‘prompt’ (only available in English in this version), and watch our Bicasso robot bring your imagination to life in just a few seconds,” the release quoted.
When a user enters a prompt into the “Bicasso” tool, the AI generates 4 different images based on the English words or sentences entered into the “magic words” section. Once the user has chosen 1 of the 4 designed images, they will be able to transform it into an NFT that will be public and shared forever on the Binance blockchain.
What are NFTs?
NFTs, or non-fungible tokens, are a type of digital asset that represents ownership of a unique item, such as artwork, music, or even tweets. Each NFT is unique and cannot be replicated or replaced, which makes them a valuable asset for collectors and investors alike.
NFTs are often created using blockchain technology, which ensures that each NFT is authentic and cannot be duplicated or counterfeited.
Here’s a fun new #Binance AI product called #Bicasso 🎨
You can turn your creative visions into NFTs with AI. Give it a try and show me what you make with it.
Beta version live now, limited to 10k mints.
➡️ https://t.co/QeQS7oh9uH pic.twitter.com/22Dllhg2sP
— CZ 🔶 BNB (@cz_binance) March 1, 2023
Binance: NFTs created by artificial intelligence
Cryptocurrency exchange Binance continues with its development projects despite the various FUD campaigns that have affected it. Now, the platform is adding a new arrow to its bow, with the launch of artificial intelligence for its NFT marketplace.
Dubbed Bicasso, the AI will allow users to materialize their creativity and obtain an NFT with just a few clicks.
Binance and Bicasso’s main goal seems to be to empower users to build their own digital portraits. The ability to create an NFT instantly should also delight more than one.
There is no limit to the imagination. Users will be able to create whatever they want, leaving the free choice of the style they prefer. When Binance’s AI draws a picture, an NFT can be minted and stored on the blockchain. Then, free choice for users as to the usefulness of their creation(s).
The AI tool generates 4 different images depending on the English words or sentences you place in the “magic words” section.
After choosing 1 of the 4 designed images, you will be able to transform it into an NFT that will be public and shared forever on the Binance blockchain.
Binance is working so that in the future all NFT users and artists will be able to make their creations useful, offering them as gifts or surprises to their family or friends.
10,000 lucky people to try it out
Currently, this AI is still in its development phase. As a result, an experimental test will be launched with 10,000 happy people testing Bicasso as a preview. Although few details are known regarding the future service of this AI, the tests will be free of charge.
All interested parties can potentially participate. In fact, there is no white list this time! The first to arrive will be the first to be served. To discover the magic of Bicasso you will “only” have to be among the first 10,000 to get your NFT right.
Looks like you're all enjoying #Bicasso!
Our team is currently working to increase the server abilities to reduce errors and to make the minting process smoother.
Though our beta quota of 10k NFTs is running out, you can still sign up to the waitlist for the full version. https://t.co/rgOozrTedG
— Binance (@binance) March 1, 2023
While the exchange is still working to optimize its AI, it warns its users that some results may disappoint or not be in line with users’ thinking. In fact, since the project is still in the testing phase, Bicasso might find it difficult to transcribe creativity.
Undoubtedly, shortly after the launch of the tests on March 1 at 2 p.m., the first creations will appear on social networks. Results will be carefully examined by Binance, whose announcement should disrupt the creation of NFT.
These are some of the images created by the community.
https://twitter.com/realvictorjoe_/status/1630944645529104385
https://twitter.com/TheBinanceNFT/status/1630933265161789440
Conclusion
Binance’s introduction of “Bicasso” is a significant move towards integrating AI technology in the NFT industry. The platform has made it possible for artists and collectors to create and sell unique digital assets with just a few clicks.
This development has the potential to revolutionize the way NFTs are created, marketed, and sold. By leveraging AI, Binance is empowering artists and collectors to simplify the process of creating and buying NFTs, making them more accessible and user-friendly.
While the use of AI in the NFT industry is still in its early stages, it is clear that it has the potential to play a significant role in shaping the future of the digital asset space.
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