Binance, the world’s largest cryptocurrency exchange, has launched a new NFT generator called Bicasso. To facilitate the creation of genuinely one-of-a-kind NFTs, this groundbreaking platform integrates artificial intelligence (AI) and blockchain technology. Here’s the whole story.
Bicasso: Binance’s Latest AI-Powered NFT Generator
From the moment it first entered the cryptocurrency market, Binance has worked tirelessly to solidify its position as a dominant player and build its authoritative presence. Moreover, Binance is aiming to seize a significant portion of the blockchain market’s expanding enthusiasm as a result of AI adaptation.
Changpeng Zhao (CZ), CEO of Binance, announced the introduction of a groundbreaking AI product on Twitter on March 1. The new system, dubbed Bicasso, takes user-provided images and uses them to create NFT profile pictures.
Bicasso is an AI-powered platform for creating works of art. It aims to capitalize on the expanding market for AI–generated artwork. CZ elaborated on how Bicasso’s curation and minting features would allow users to create and sell outstanding AI artwork on demand.
There is no mistaking the fact that “Binance” and “Picasso” were the two words from which the term “Bicasso” was derived. According to the information that was provided by CZ, users would have the ability to submit an image and then use their imagination to create one-of-a-kind AI images by combining a variety of words.
Bicasso Receives High Demand Following Launch
With a maximum supply of only 10,000 NFT mints, the initial beta release was more of a teaser than anything else. Everything went wrong, though, when the AI hype train left the station and an incredible deluge of volume swamped the beta software. Certainly, issues began showing up during the first hour of the Bicasso beta test.
When users began to protest, CZ moved swiftly to clarify how the AI software had become bogged down by an avalanche of queries. This is because Bicasso only uses a single thread, and the CEO of Binance noted the necessity to deploy additional clones to meet demand.
Any program or script that is single-threaded can only be used by one person at a time on each computer where it has been installed.
Even though the Beta test encountered some technological difficulties at the outset, the demo itself was a huge success, demonstrating the extraordinarily high demand for NFT-focused artificial intelligence art items. A subsequent tweet by CZ confirmed this, stating that all 10,000 mints have been consumed, therefore ending the Beta test.
Thus, the big question now is whether or not Binance’s Bicasso will be the last AI-image platform standing.
Ken Emmanuel is a Blockchain Content writer, a Web3 Enthusiast and a Social Media Management Strategist, he likes writing educative contents to help people gain more knowledge and get inspired. The growth of any organization he work with is always his priority. He is a Geographer by profession and loves reading.