Binance’s non-fungible token (NFT) marketplace users are getting creative with “Bicasso,” a new artificial intelligence (AI) powered NFT generator the company released in beta Wednesday, January 1, 2023.
Since the phenomenon-level application ChatGPT opened up the AI application market, generative AI has indeed become a popular trend. What other generative AI-focused encryption platforms are there outside of Bicasso?
What is Bicasso?
Bicasso is an AI art creator that was developed by Binance, the largest cryptocurrency exchange in the world. Bicasso stands out from other AI artists because it can seamlessly mint NFTs. As a result, once you've completed your masterpiece, you can mint it and sell it. In the past, making art and minting it as an NFT were two distinct processes that required two distinct platforms and a significant amount of time.
After being accused of plagiarizing ideas, the 10,000 NFT casting limit was removed in 2.5 hours.
The well-known Spanish artist Pablo Picasso is associated with the name Bicasso. Bicasso, on the other hand, seems to live up to the German artist Joseph Beuys's assertion that "everyone is an artist" because, in contrast to Picasso, the previously created work required skill and time.
Bicasso users can upload photos of people, animals, landscapes, and so on to automatically generate images, as well as create one-of-a-kind photographs by entering English language concepts, similar to DALL-E or Midjourney. The platform will produce four distinct images from which users can select, and Binance Chain (BNB Chain) will mint the selected images into NFTs.
Although the initial free minting limit is 10,000 NFTs and each user can only mint one NFT, the Bicasso beta version drew a large number of users and helped 9,907 people successfully mint NFTs.
Many people are praising CZ as a marketing genius because of this successful launch. By restricting the mint to only 10,000 coins, he created fictitious demand, which only led to an increase in online impressions and awareness of the issue.
People can apply to join the waiting list (Waitlist) and wait for the official version, even though Bicasso has only released the beta version for the time being. It is important to note that "project7," the Web3 builders guild project's co-founder, and "ggoma," its team member, accused Bicasso of stealing the ideas it presented on March 2 at the BNB Chain Hackathon.
At the time, Project7 tweeted that integrating OpenAI into NFT tools would be extremely fascinating. As a result, the Chatcasso project, which he created overnight, allows users to simply input language, and AI will draw a painting. This program can make collections, create graphics, and even mint interfaces. Binance hasn't said anything about this yet.
An overview of NFT drives with a focus on generative artificial intelligence
One of the most effective AI systems, content-generative AI, can create new content from previously existing text, audio files, or images. Generative AI has made rapid progress in recent years. Due to the popularity of OpenAI's chatbot, ChatGPT, a large number of other industries have adopted similar models for a variety of real-world applications.
The most promising technology forecast list for 2022 has been released by Gartner, a well-known technology consulting firm. It includes twelve technologies, with generative AI coming in first place. A16z claims that the generative AI platform will be the next platform for consumers:
Following list are currently building crypto projects
Solvo
The crypto company Solvo made the announcement in February that it would implement generative AI technology. Users can create and design their own NFTs by uploading or taking photographs of what they want, or by typing images that explain what they want. On the Optimism chain, Solvo can now mint AI-generated NFTs for free. Users will be able to deposit and withdraw this and other NFTs in subsequent editions.
Nicho
A brand-new AI Picture Generator feature has been added to Nicho, an NFT platform based on BNB Chain. This capability enables users to express any thoughts in language and generates drawings directly using powerful AI algorithms, making it possible for users to design their own NFT in the simplest way possible without having any painting skills.
IgmnAI
The AI image creation project The main product of IgmnAI is Nai, an AI picture-generating bot that lets users of Telegram and Discord create artwork by following straightforward text instructions. At a $50 million valuation, IgmnAI is looking to raise $7.5 million in funding.
CharacterGPT
Open AI's ChatGPT, a multi-modal generative AI system, will enable anyone to immediately build, train, and trade AI characters as NFTs on Polygon.
Conclusion
In conclusion, AI and NFTs are firmly entrenched in today's public consciousness. In addition to passing human degrees and certificates, ChatGPT and Bard have already been able to replace particular occupations.
A few years ago, it would have been expected by everyone that technical and analytical jobs would be the first to be affected by AI. The creatives are unexpectedly being tested by something that does not wear them out or put off work. Bicasso brings us one step closer to a future in which humans have no idea where they belong.
Additionally, crypto-related AI projects are on their way to competing in this space, or, to put it another way, making it a solid trend like NFT or Web3. We still need to wait a while to find out if these projects are investment opportunities or just a temporary bubble.