Binance’s AI-powered NFT Generator hits 10k mints in 2.5 hours
Binance’s newly launched AI-powered non-fungible token (NFT) generator has started producing digital artworks at full capacity, reaching its maximum minting capacity of 10,000 NFT in just 2.5 hours after its launch.
On March 1, the world’s largest cryptocurrency exchange, Binance, launched the beta version of its AI-powered non-fungible token generator, dubbed Picasso.
Binance CEO Changpeng Zhao addressed the users and told them, “You can turn your creative visions into non-fungible tokens using AI,” adding several hours later, “Picasso finished its initial run and reached 10,000 mints in 2.5 hours. The AI was a bit nervous, but it’s catching its breath now.”
BICASSO first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its breathing now. 😂 https://t.co/BBRevAdIUc
— CZ 🔶 Binance (@cz_binance) March 1, 2023
This new system is an AI-powered image generation tool similar to AI-powered art platforms such as DALL-E, users can either upload an image, such as their profile picture, for the AI to work on, or write their creative requests which will design a custom image for them using artificial intelligence.
According to preliminary mint data, 9,099 non-fungible token owners created at least one token using the limited beta, and the images created were also part of the beta program, which means they are not available for resale.
Users have been keen to share their creations on the crypto-world Twitter pages.
#Bicasso is a new AI-powered NFT generator that Binance released in beta on Wednesday. It allows users to create NFTs by typing in a creative prompt or uploading an image. Users can then mint their images as NFTs on Binance’s native BNBchain. Do you want to try it out? pic.twitter.com/3hDy2Ife5Z
– Yuki Eliot (@yuki_binance) March 1, 2023
This has approved After the beta launch of its platform, Binance reported some errors due to the huge demand, as it stated:
“Our team is currently working on increasing server capabilities in an effort to reduce the possibility of errors and make the minting process smoother.”
It also added that those who missed the initial beta quota of 10,000 tokens could still queue up for the full version.
According to the platform, the latest non-fungible token “Bicasso AI#10445” was mined just an hour ago.
Related articles: AI-generative art predicted to be next trend for NFT sector
Generative art is known as a modern prototype in the art world, and its artworks are designed in whole or in part using an automated system; And on February 28, the famous auction house Christie’s public auctionfor Taylor Hobbs’ non-fungible code “Fidenza #724,” a code generated using a computer algorithm, for $440,000.
And in August, Google Cloud AI transformed all 10,000 Bored Ape Yacht Club NFTs of non-fungible tokens into automated artworks.
