On March 1, the cryptocurrency exchange Binance made the announcement that it would be launching the non-fungible token (NFT) marketplace application known as Bicasso.
Bicasso is a novel NFT generator powered by artificial intelligence (AI), comparable to existing platforms such as DALL-E and Midjourney.
What is Bicasso?
Users are able to enter into their own creative impulses while utilizing the AI art generator Bicasso, which results in the production of one-of-a-kind artworks. In addition, they can upload their own image to tailor the tool to their needs. In addition, users will be able to mint their own NFTs on the native blockchain platform of Binance, known as BNB Chain.
The introduction of Bicasso sparked increased interest among the customers of Binance’s NFT marketplace.
Several people took advantage of the new functionality almost immediately while also contributing their own work.
Around 3,300 people successfully minted at least one Bicasso NFT in the first few hours after the debut.
The maximum number of NFTs that can be mined for free in the beginning is 10,000. In response to its launch, the Chief Executive Officer of Binance, Changpen Zhao, tweeted (1):
“Here’s an exciting new artificial intelligence product from Binance called Bicasso. With AI, you may give form to creative ideas that you have in your head. Give it a shot, and then demonstrate what you can create with it to me. The beta version is available today but is restricted to only 10,000 mints.
Following the notification by CZ, users immediately began flooding the platform, which resulted in significant traffic on the website.
“The AI is overloaded for the moment,” the chief executive officer of Binance added. “Please try to space out your queries for a little while longer and wait till additional clones are available online.”
Binance’s NFT Marketplace
The cryptocurrency exchange Binance started its non-fungible token (NFT) marketplace in the previous year in response to the increased demand for NFTs. At that time, they have been trying to entice some of the most important projects to the platform.
A partnership between the cryptocurrency exchange Binance and the non-fungible tokens (NFT) project Supernormal was announced earlier this week. Supernormal is situated in South Korea.
The Dream Girl NFT collection will be hosted on the cryptocurrency exchange known as Binance NFT.
https://twitter.com/TheBinanceNFT/status/1630595939038642178
The entire Dream Girl NFT collection was drawn by hand, and it includes hundreds of characteristics designed by Kyu Yong Eom, a South Korean artist known worldwide.
The majority of the artwork in this NFT collection is influenced in some way by cyberpunk, Japanese tattoos, and the fashion of the 1980s.
Even if Binance is the world’s most popular cryptocurrency trading platform, the trade volumes on its NFT marketplace have not increased to the same degree.
The Binance New Coin Trading platform is currently not ranked among the top 25 New Coin Trading platforms.