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Binance’s AI-powered NFT generator reaches 10K mints in 2.5 hours

Binance's AI-powered NFT generator reaches 10K mints in 2.5 hours

In the limited beta, Bicasso transformed user-submitted profile pictures into digital works of art in seconds.

Binance’s newly launched artificial intelligence-powered nonfungible token (NFT) generator has been producing digital art at full capacity, reaching a maximum of 10,000 NFT mints in less than 2.5 hours after launch.

The largest cryptocurrency exchange in the world, Binance, released a beta version of “Bicasso,” an NFT generator powered by AI, on March 1.

Binance CEO Changpeng Zhao told users, “With AI, you can turn your creative ideas into NFTs. “you can turn your creative visions into NFTs with AI,” following it up a couple of hours later with “Bicasso first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its [breath] now.”

Similar to AI-art platforms such as DALL-E, the system is an AI-powered image-generation tool. Users can either upload an image, such as a profile picture, for the AI to work on, or they can type in creative prompts that will result in an AI-generated image.

Initial mint data indicates that 9,909 owners created at least one NFT during the limited beta. As the images were included in the pilot, they cannot be resold.

On crypto Twitter, users were anxious to share their creations.

After the pilot launch, Binance said there were a few glitches because of the demand: “Our team is currently working to increase the server abilities to reduce errors and to make the minting process smoother.”

Those who lost out on the 10K beta spots can still sign up for the full version’s waiting list.

The most recent NFT, “Bicasso AI#10445,” was issued within the past hour, per the platform.

In August, Google Cloud AI transformed all 10,000 NFTs from the Bored Ape Yacht Club into machine-made works of art.

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