Binance’s AI NFT generator gets overwhelmed by requests within an hour of launch Binance’s AI NFT generator gets overwhelmed by requests within an hour of launch
The beta version of Bicasso will allow users to upload an image and use a few keywords to mint an AI-generated NFT.
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Updated: Mar. 1, 2023 at 6:11 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Binance CEO Changpeng Zhao, popularly known as ‘CZ,’ announced the launch of the beta version of an artificial intelligence (AI) generator of non-fungible tokens (NFTs), Bicasso, on March 1.
Within an hour of the announcement, however, the AI tool received more requests than it could handle. The tool started prompting, “Too many requests in queue, please try again later.”
Bicasso helps users turn “creative visions into NFTs with AI,” CZ said. Users have to simply upload an image and enter a few “magic words” or keywords describing their vision, and Bicasso will produce an AI-generated NFT. It is similar to AI art generators, where AIs can come up with paintings that represent your vision. The beta version of Bicasso is limited to 10,000 NFT mints only.
Some users shared images of the NFTs after they finished minting with Bicasso. But more complained about the AI tool being congested. CZ said that the AI is “busy” because it is single-threaded and the team is working on reducing the congestion.
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Monika Ghosh
In 2020, Monika immersed herself in crypto, maintaining skepticism yet firmly believing blockchain could address key issues like financial disparity and transparency. A book-lover, she's also a passionate food enthusiast.
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Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Changpeng Zhao, popularly known as “CZ,” is a notable figure in the cryptocurrency world, primarily for founding and leading Binance, the world’s leading cryptocurrency exchange by trading volume.
