Cryptocurrency exchange Binance is growing increasingly interested in non-fungible tokens (NFTs); its latest effort is the release of Bicasso, an AI-powered tool.
Bicasso — which was unveiled yesterday — lets users generate images using AI technology and then mint them as NFTs.
Because the tool is still in beta testing, mints were restricted to 10,000 — which was reached in less than a few hours, indicating the community’s enthusiasm.
Bicasso lets users create NFTs by inputting multiple prompts in English — words that describe the picture they expect the AI tool to generate — or by uploading a photo of themselves or a stock image and converting it into an AI image.
This means that Bicasso can be used by people who don’t have an artistic flair, or don’t know how to use editing software, but are interested in Web3.
Taking steps to advocate for the community and its users is something Binance has been doing for a long time. Last month, the crypto exchange announced that it would issue NFT certificates to students who completed its academy courses, and in January, it tightened its NFT minting rules to prevent misuse, scams, or copyright violations.