Binance\u2019s newly launched artificial intelligence-powered nonfungible token (NFT) generator has been churning out digital art at full capacity, reaching a cap of 10,000 NFT mints in just 2.5 hours after launch.<\/p>\n
On Mar. 1, the world\u2019s largest crypto exchange Binance launched an AI-powered NFT generator called \u201cBicasso\u201d in beta.<\/p>\n
Binance CEO Changpeng Zhao told users \u201cyou can turn your creative visions into NFTs with AI,\u201d following it up a couple of hours later with \u201cBicasso first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its [breath] now.\u201d<\/p>\n
The system is an AI-powered image-generation tool similar to AI-art platforms such as DALL-E. Users can either upload an image such as a profile picture for the AI to work on, or can type in creative prompts that will generate a bespoke image created with AI.<\/p>\n
According to initial mint data, 9,909 owners created at least one NFT as part of the limited beta. The images were part of the pilot so are not available for resale. <\/p>\n
Users were eager to share their creations on crypto Twitter.<\/p>\n
Following the pilot launch Binance acknowledged there were a few glitches due to demand, stating:<\/p>\n
\u201cOur team is currently working to increase the server abilities to reduce errors and to make the minting process smoother.\u201d<\/p><\/blockquote>\n
It added that those that missed out on the 10K beta quota can still sign up for the waitlist for the full version.<\/p>\n
The most recent NFT, \u201cBicasso AI#10445\u201d was minted just an hour ago, according to the platform.<\/p>\n
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