#Binance one of the world's largest #cryptocurrency exchanges, has launched an AI-powered NFT generator called "Bicasso" in beta. The tool allows users to create digital collectibles from images and words using AI.

Within 2.5 hours of launching, the tool reached its cap of 10,000 NFT mints, with around 3,300 users minting at least one Bicasso NFT. However, these images are not available for resale as they were part of the pilot.

#bicasso has the potential to change the #NFT world by making it easier for users to create and sell digital collectibles. The tool's AI capabilities can help artists and creators transform their work into NFTs without needing technical skills. Bicasso also eliminates the need for users to pay high fees for minting NFTs.

With the success of Bicasso's pilot launch, it's possible that other exchanges and platforms will follow suit, making NFTs more accessible to a broader audience and fueling the growth of the NFT market.

#CoinGabbar

As #cryptocurrency gains more popularity, the number of #scams and fraudulent crypto projects continues to rise. Spotting these scams is crucial to protecting yourself and your investments in the crypto world. #antiscam

Here are five key things to look out for when evaluating a crypto project to avoid falling victim to a potential scam.

Lack of transparency: It's essential to look for a project that is transparent about its team, mission, and goals. If a project's website lacks this information, it's likely a red flag.

Unrealistic promises: Many crypto scams entice investors with promises of overnight riches or guaranteed high returns. If something seems too good to be true, it probably is.

Lack of technical details: A whitepaper is a standard requirement for any legitimate crypto project. If a project's whitepaper is lacking, it's a sign that the project may not have a solid foundation.

False endorsements: Some crypto projects may falsely claim endorsements or partnerships with well-known companies or individuals to gain credibility. It's essential to research these claims and ensure they're legitimate before investing.

Suspicious token distribution: A disproportionate token distribution heavily skewed towards the project's founders or early investors is another red flag. It may indicate that the project is more focused on enriching its founders rather than building a sustainable product.

When it comes to #investing in cryptocurrency, it's essential to remain vigilant and evaluate crypto projects carefully. By keeping an eye out for these five warning signs, investors can avoid falling victim to fraudulent projects and scams, and protect their investments in the rapidly evolving world of cryptocurrency. #CoinGabbar

Let's imagine you have a lot of gadgets like phones, tablets, and laptops that you can't fit into your backpack. To solve this problem, you could divide your gadgets into smaller groups and store them in different bags or cases.

This way, you can easily find the gadget you want to use without having to search through all of them. #Sharding works in a similar way when you have a lot of data that you need to store on multiple servers. You divide the data into smaller parts called "shards" and store them on different servers.

This helps to make it easier and faster to access the data you need, as you only need to search through a smaller amount o

f data. For example, in a social media app like Instagram, instead of storing all the user information on one server, it can be divided into different shards, with each server handling a specific set of users' #Data .This helps to keep the app running smoothly, even as the number of users and amount of data increases.

Sharding is primarily used in distributed computing and database systems, particularly in #blockchain technology. In blockchain, sharding is used to improve scalability and performance while ensuring the security and consistency of the data across the network.

It allows the network to process more transactions per second and handle more users without compromising the integrity of the blockchain.

However, sharding can also be used in other distributed systems such as cloud computing and data storage systems, to improve their efficiency and #scalability #CoinGabbar