On March 1st, Binance, the world’s largest cryptocurrency exchange, launched an AI-powered non-fungible token (NFT) generator called “Bicasso” in beta. This new system allows users to generate digital art from either an uploaded image or a creative prompt, utilizing AI to create bespoke images.

Within just 2.5 hours of its launch, Bicasso reached its 10,000 NFT mint capacity, generated by 9,909 owners as part of the limited beta. Following the pilot launch, Binance reported a few glitches due to high demand, stating that their team is working to increase server abilities to reduce errors and make the minting process smoother. The most recent NFT generated, “Bicasso AI#10445,” was minted an hour ago.

The most recent NFT mint – Bicasso AI#10445

One of the early NFT mints – Bicasso AI#17931

Users were eager to share their creations on crypto Twitter.

The rise of generative art, which has been partially or wholly created with an autonomous system, is a new archetype in the art world. Notably, renowned auction house Christie’s auctioned Taylor Hobbs’ “Fidenza #724,” an NFT created with a computer algorithm, for $440,000. In August, Google Cloud AI transformed all 10,000 Bored Ape Yacht Club NFTs into machine-made works of art.

Bicasso is a significant addition to the growing trend of AI-powered art, demonstrating the technology’s potential to disrupt traditional creative industries. The system’s ability to generate 10,000 NFTs in a matter of hours underscores the demand for AI-generated art and its increasing popularity within the NFT space. As the demand for NFTs continues to grow, Binance’s new system has the potential to transform the way digital art is created and traded in the blockchain ecosystem.