Binance, a leading cryptocurrency exchange with a dedicated nonfungible token (NFT) arm, has introduced its latest offering – an innovative artificial intelligence (AI) NFT generator named “Bixel.” This cutting-edge tool empowers users to create personalized digital artworks using AI technology. The launch of Bixel took place on July 26, and it is now permanently accessible to all Binance NFT users.
Generating Unique Digital Art with Bixel
With the new AI NFT generator, Binance users can unlock a realm of unique digital art and dive into the exciting world of nonfungible tokens. However, before utilizing the tool, users must complete Binance’s mandatory Know Your Customer (KYC) identity verification process. This crucial step is implemented to ensure the platform remains secure and trustworthy, adhering to industry best practices and regulatory requirements.
Minting Fee and NFT Creation on BNB Smart Chain
To mint NFTs using Bixel, users are required to pay a minting fee of 0.008 BNB (BNB ticker value: $241 at the time of writing, approximately $1.90). This fee ensures the seamless and efficient execution of the NFT creation process on the BNB Smart Chain.
Free Daily Art Production
Binance aims to encourage user engagement and creativity by providing 10 complimentary daily chances to produce art using the AI NFT generator.
Bicasso’s Beta Version and Controversy
Before the official launch of Bixel, Binance had released a beta version of their AI NFT generator, called “Bicasso,” on March 1. The response was overwhelming, as the test version reached its maximum capacity within a mere 2.5 hours, reaching the limit of 10,000 minted NFTs.
However, the beta launch was not without controversy. Shortly after the unveiling, Binance faced allegations of stealing the idea for the AI NFT generator from the winners of the BNB Chain hackathon. Community member Ggoma claimed that Binance replicated their project, “Chatcasso,” which had won the first prize during the BNB Chain hackathon held in Seoul, South Korea in December 2022. In response, a Binance spokesperson denied the accusations and asserted that Bicasso was independently developed two weeks prior to the hackathon.
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