On March 1, Binance announced the release of the beta version of the AI-driven NFT generator “Bicasso”. Users can upload pictures and enter keywords for AI calculations to generate NFTs. After the news was released, 10,000 NFT casting quotas were killed in seconds, and the system overloaded and crashed due to the surge in visits, which is enough to show its popularity.
In fact, after the phenomenon-level application ChatGPT opened up the AI application market space, generative artificial intelligence technology has become a popular trend nowadays. Besides Bicasso, what other platforms in the cryptocurrency market focus on generative AI?
10,000 NFT minting quota was killed in 2.5 hours, accused of plagiarizing ideas
Bicasso’s name can’t help but remind people of the famous Spanish artist Picasso. But unlike Picasso, the former completed a work with talent and time, while Bicasso allows users to complete NFT art creation without threshold in a few seconds, which seems to realize what German artist Joseph Beuys said “everyone is The era of the artist.
Similar to AI art generators such as DALL-E or Midjourney, Bicasso users can generate unique images by inputting English text ideas, and can also upload images of people, animals, landscapes, etc. to automatically generate pictures, and the platform will generate 4 different pictures The image is for users to choose, and the selected image can be minted into NFT through Binance Chain (BNB Chain).
Since the initial free minting limit was 10,000 NFTs, and each user could only mint one NFT, after the release of the Bicasso beta version, a large number of users participated, and a total of 9,907 users successfully minted. “Bicasso’s first test has just successfully minted 10k NFT in 2.5 hours. AI is a bit stressed, but now I can take a breath.” Binance founder CZ said on Twitter.
Although Bicasso has only launched the beta version for the time being, users can apply to enter the waiting list (Waitlist) and wait for the official version to be launched.
It is worth mentioning that “project7”, the co-founder of the Web3 builders guild project Hunt Town, and its team member “ggoma” tweeted on March 2 to accuse Bicasso of stealing the ideas it presented at the BNB Chain hackathon, while At that time, project7 tweeted that it would be very interesting to apply OpenAI to NFT tools, so the Chatcasso project he made overnight, just input text, and AI will generate a painting. This is a tool that can draw images, post collections and even create minting interfaces. At present, Binance has not responded to this.
A quick look at NFT projects that focus on generative AI
One of the most advanced artificial intelligence algorithms, Content Generative AI can create new content from existing text, audio files or images. In recent years, generative AI has ushered in explosive growth. After the chatbot ChatGPT created by OpenAI became popular, we have seen a large number of related models in various industries move from the laboratory to various application scenarios in the real world. The most promising technology forecast list for 2022 released by Gartner, a well-known technology consulting agency, lists twelve technologies, of which generative AI tops the list.
“Generative AI products will serve a variety of use cases, from consumers producing content “just for fun” to creators or individual entrepreneurs monetizing content.” a16z once wrote that the generative AI platform will become the next consumer-level platform. What encryption projects are currently developing content-generating AI narratives.
In February of this year, the encryption startup Solvo announced that it will use generative AI technology. Users can generate their own NFTs and design their own NFTs by uploading or taking pictures, or by entering images that describe what they want. Currently, Solvo can mint AI-generated NFTs for free on the Optimism chain. In future releases, users will be able to deposit and withdraw this and other NFTs.
Recently, Nicho, an NFT platform based on BNB Chain, has deployed a new function AI Image Generator on the main network. This function allows users to express any ideas in words, and will automatically generate pictures directly through powerful AI algorithms to help users Mint your own NFT in the easiest way without any drawing skills.
AI image generation project IgmnAI’s main product, Nai, is an AI image generation bot that allows Discord and Telegram users to generate artwork with simple text commands. IgmnAI is seeking to raise $7.5 million at a $50 million valuation.
R&D studio Alethea AI has developed a multimodal generative artificial intelligence system, CharacterGPT, which will allow anyone to quickly create, train and trade AI characters as NFTs on Polygon.