Bicasso: Binance’s service to create a customized and unique NFT using AI

With this new service, users will be able to materialize their creative ideas using Binance’s Artificial Intelligence tool, and tokenize them into an NFT.

If there are technologies that have revolutionized the field of technology in recent times, no one can deny that there is anything more innovative than the implementation of Artificial Intelligence in various fields of computing, and on the other hand the increased adoption and the various use cases of the NFT field.

Now, months ago it was difficult to imagine that these two powers could be combined to generate a unique product, with the properties that characterize each of them.

A review on what NFTs are

NFTs are digital assets that are stored in a given blockchain (Ethereum, Polygon, Bitcoin, etc.), which contain metadata and unique identifiers, so no two are exactly identical in the ecosystem, and thus makes them “Non-Fungible”.

Some of the reasons why they are used is to demonstrate the ownership of the digital asset, as well as the authenticity, since it can be validated in a simple and transparent way through the records stored in the blockchain.

AI in a nutshell

Having clarified the concept of NFTs, it is appropriate to describe AI in a few lines. Artificial Intelligence is understood as the capacity of a computer to simulate human intelligence, in order to be able to perform certain actions that are attributed as exclusive to humans, such as decision making, problem solving, the capacity to learn new knowledge, etc.

Bicasso: Binance’s new NFT + AI product

In this sense, by combining both technologies, non-fungible tokens are generated through the use of Artificial Intelligence. On this occasion, the exchange with the largest number of operations in the cryptocurrency market (as well as the most popular), announced the launch of its new flagship product that makes this a reality.

As of March 1, the Binance NFT artificial intelligence service is available in beta phase. Thanks to this tool, a creative idea can be materialized with Binance AI and then converted into an NFT in a few minutes.

In this case, the NFT is a tokenized asset through an AI generative pretrained transformational model 3(GPT-3). A GPT-3 is a language that is used to generate text in a manner similar to how we humans do. In addition, one of the features that distinguish them from conventional NFTs is that they can add animations, and thus be more interactive or dynamic.

The company clarifies that this service is in beta testing phase, and that the first 10,000 users interested in trying Binance’s NFT + AI tool will be able to experiment with it. On this occasion, there is no whitelist to sign up, it is the first 10,000 people on a first-come, first-served basis.

Hours after the launch, CZ, the CEO of Binance, pointed out that thanks to artificial intelligence anyone can create a unique and valuable work in a few minutes. In this way, he mentions that the first Bicasso pilot managed to generate 10,000 NFTs in just 2.5 hours.

As for its operation, it is quite simple: the user must select the image or video to be tokenized, customize some design settings, and then let the AI do its job. Afterwards, the final NFT can be uploaded to Binance’s platform and exchanged on its NFT marketplace.

Written by Luciano Garriga (Tw: luchogarriga) for NFT Express.

IMPORTANT: NFTEXPRESS only publishes articles for informational purposes. Nothing herein contains the character of recommendation or promotion of any type of investment for the reader. Before making any kind of investment, it is recommended to consult with a specialist in the matter.