Binance, the largest cryptocurrency exchange in the world, has launched an AI (artificial intelligence) based art generation platform called Bicasso. This platform aims to tap into the growing demand for AI-generated art in the NFT space.
Bicasso enables users to create and monetize art on demand, turning their creative visions into NFTs through the power of AI (Artificial Intelligence).
Binance CEO Changpeng Zhao (CZ) announced the launch of Bicasso on March 1. This launch, boosted by the hype of the moment around AI, led to an influx of volume that exhausted the cap of 10,000 NFTs available in 2.5 hours.
Bicasso: an immediate success for the NFT generator Despite the initial technical difficulties, Bicasso achieved resounding immediate success, testifying to the high demand for AI-related artistic products in the NFT space..
Bicasso follows in the wake of AI art generation projects such as NovelAI, DALL-E, Midjourney, Stable Diffusion, and Fetch AI (FET), the blockchain-based AI platform that develops art AI generated for a number of years now.
Bicasso is a new tool in the constellation of services offered by the leader of crypto exchanges. This new tool therefore allows users of the market place to create computer-generated images and monetize them as NFTs.
Binance NFT users quickly embraced this new feature and were quick to share their work on social media. According to early data from the platform, nearly 3,300 users have hit (mint) at least one Bicasso NFT. The first free strike is capped at 10,000 NFTs.
