HomeAIAI-powered Binance NFT Bicasso has reached 10,000 mint in 2.5 hours

AI-powered Binance NFT Bicasso has reached 10,000 mint in 2.5 hours

Binance has launched its new AI-powered NFT generator, called Bicasso, which has reached 10,000 mint in just 2.5 hours. Still in its Beta version, Bicasso turns user-submitted profile photos into digital artwork.

On the occasion, Lorenzo Capone, head of marketing and business development for the Italian market at Binance, explained to The Cryptonomist:

“AI certainly represents the predominant trend that has characterized this early 2023. Bicasso is further proof that this company is able not only to ride the trends, but also to know how to do it in an intelligent way and in line with the services offered. The first night during the beta launch I must have used it for at least a couple of hours!”

Binance NFT Bicasso: the new AI-powered generator and its 10,000 mint in 2.5 hours

Binance NFT has launched Bicasso, the new Artificial Intelligence (AI)-powered Non-Fungible Token generator, managing to mint 10,000 NFTs in just 2.5 hours.

Essentially, Bicasso is still in its Beta version, and for this launch it transformed user-submitted profile photos into digital works in a matter of seconds. All for free.

Changpeng CZ Zhao, the CEO of Binance, didn’t miss the opportunity to experiment with the new Bicasso with photos of his own. Soon after, CZ also alerted his followers that the AI-powered generator had taken only 2 1/2 hours for the 10,000 mint.

This first NFT collection by Bicasso is only part of the test of its beta version, and as far as it turns out from the initial data, at least 9,909 owners have created at least one NFT.

For this very reason, digital artworks created by the AI generator have not been made available for resale.  

Binance NFT Bicasso and the test result of its beta version

Since this was a free test, users just had fun participating and sharing their new Bicasso NFTs on social media. 

In essence, the system allowed participating users to upload an image of their own, such as a profile picture, which the AI then worked on, with or without creative suggestions from the users themselves. The result was the generation of a customized image in the NFT format.

Admittedly, the test lasting only 2.5 hours for 10,000 mint was not entirely perfect. Binance himself shared on Twitter that during those very hours, the team had to take action.

Not only that, for those who were not able to make it in time with the 10k NFT minting, they had the opportunity to sign up on the waiting list to be able to participate in the full version of Bicasso NFT. 

AI Generative Art and NFTs

The world of NFTs seems to be expanding into the field of AI Generative Art as well, a type of art, mostly visual, that is based on cooperation between humans and an autonomous system. 

This autonomous system is a software, algorithm or AI model that can perform complex operations without the need for programmer intervention.

In this regard, Binance’s Bicasso joins AI Generative Art projects such as Midjourney and DALL-E.

In the case of DALL-E, we are talking about a multimodal neural network based on OpenAI’s GPT-3 deep learning model.

OpenAI is the same house that also developed ChatGPT, the chatbot launched in November 2022 and optimized with “supervised” reinforcement learning techniques.

DALL-E is a system capable of generating images from a “prompt” text description, based on a dataset of text-image pairs.

From AI-powered NFTs to Bitcoin-Based NFTs

In addition to the field of AI Generative Art, the world of NFTs is also currently exploring the possibility of being minted on the Bitcoin Blockchain. 

Indeed, Yuga Labs, the company behind the famous Bored Ape Yacht Club (BAYC) collection, recently announced TwelveFold, its first NFT project on Bitcoin.

It is a collection of only 300 NFTs (BAYC is 10,000 NFTs) of Ordinals generative art, which will be auctioned this week.

The Ordinals protocol was created by computer engineer Casey Rodarmor, who has made it public starting from 21 January.

This protocol has since launched NFTs on Bitcoin’s mainnet, attracting the attention of the entire crypto community, between those in favor and those against.

What Ordinals does is enable the Bitcoin version of NFTs, which can include JPEGs, PDFs or video and audio formats, through what are called “inscriptions” that are made on satoshis, tracked and transferred using ordinal theory.

Stefania Stimolo
Stefania Stimolo
Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.
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