Binance has launched its artificial intelligence (AI) NFT generator “Bixel”. The new tool from the crypto giant was announced yesterday and allows users to create great artworks that can easily be minted as NFTs (non-fungible tokens).
Bicasso meets Bixel
The new art generator, “Bixel”, allows users to generate custom NFT artworks. Previously known as “Bicasso”, the new tool is part of Binance’s strategy to strengthen its foothold in the industry and leverage the potential of AI-generated art.
The tool is available only to users who have completed the identity verification process, also known as the Know Your Customer (KYC) process. The company states in Bixel’s blog post announcement that security is paramount:
“This critical measure is in place to maintain a trustworthy and secure platform for all users, aligning with best practices and regulatory requirements.”
The minting cost of Bixel is rather low. Users will need to pay 0.008 BNB, which roughly equals $1.92, per each image minted as an NFT.
Trial mode: Available for use 10 times a day
Binance has ensured that users will be granted ten daily opportunities to create art using Bixel, an allocation that should be more than enough for users to experiment and tweak their art.
The beta version of “Bixel”, dubbed “Bicasso”, was introduced in early March and was met with overwhelming demand, maxing out its capabilities within a mere 2.5 hours as 10,000 NFTs were created.
However, this fresh tool wasn’t free from controversy. Soon after its inauguration, Binance found itself in the crosshairs of plagiarism accusations from a community contributor. According to the claim, Binance reproduced the AI NFT generator concept from a project called “Chatcasso,” which claimed the top prize at the BNB Chain hackathon in December 2022.
However, Binance seems undeterred by the United States’ recent crackdown on crypto exchanges and the controversy surrounding “Bicasso”, adding yet another practical web3 tool to its repertoire.