Binance, one of the leading cryptocurrency exchanges, has recently unveiled its new AI NFT generator called Bixel. This tool allows users to create personalized digital artworks using cutting-edge technology. The launch of Bixel marks Binance’s attempt to capitalize on the recent craze around NFTs (non-fungible tokens) and rectify past mistakes made with their previous AI generator, Bicasso.
Bicasso, the earlier version of the AI NFT generator, faced several issues and controversies. Despite reaching its total capacity within just 2.5 hours of launching and generating 10,000 assets, Bicasso was accused of copying the winners of BNB Chain’s hackathon, ‘Chatcasso’. Critics pointed out similarities between Bicasso and Chatcasso, as Binance launched the product just two weeks after the event. However, Binance seems undeterred by these accusations and is determined to make its new AI NFT generator, Bixel, a success.
To ensure a secure and trustworthy environment for users, Binance now requires users to complete the KYC (Know Your Customer) identity verification process before using the platform. By adhering to industry best practices and regulatory requirements, Binance aims to maintain a safe ecosystem for creators and investors alike.
In addition to implementing KYC procedures, Binance has also introduced a minting fee of 0.008 BNB ($1.90) for users wishing to create NFTs using Bixel. This fee is paid through Binance’s blockchain network, BNB Smart Chain. However, early adopters who create their artworks before August 10 will have their minting costs reimbursed, with an additional reward of 1 BNB as a token of gratitude. Binance has hinted at more exclusive rewards to come in the future, further enticing users to explore the world of AI-powered NFTs.
Despite the controversies surrounding Bicasso, Binance remains committed to leveraging the potential of AI-powered NFTs. The exchange wants to empower artists and creators to produce attractive digital art that can be easily and securely shared, sold, and traded on a global scale. Binance’s focus on legality and security ensures that users can engage in the NFT market with confidence.
With the launch of Bixel, Binance aims to rectify past mistakes, offer a secure platform for NFT creation, and strengthen the possibilities of AI-powered art. As the popularity of NFTs continues to grow, Binance’s move to enhance its AI NFT generator reflects the exchange’s understanding of the evolving blockchain and cryptocurrency landscape.
Whether Binance will succeed in outshining its previous controversies and establish Bixel as a reliable and innovative AI NFT generator remains to be seen. However, it is commendable that Binance is determined to learn from its mistakes and make advancements in the ever-evolving world of NFTs.