Binance Unveils AI-Powered NFT Generator for Verified Users

Binance, the prominent cryptocurrency exchange, has announced the launch of its new artificial intelligence (AI) nonfungible token (NFT) generator, “Bixel.” This innovative tool allows users to generate their own unique digital artwork, immersing themselves in the exciting world of NFTs.

Bixel is now permanently available to Binance users who have completed the platform’s Know Your Customer (KYC) identity verification process. As stated by Binance, this vital procedure aligns with best practices and regulatory requirements, fostering a secure and trustworthy platform for all users.

The minting process through the AI NFT generator comes with a fee of approximately 0.008 BNB, equating to around $1.90 at the time of the announcement. Binance assures that this fee guarantees the appropriate execution of the NFT creation process on the BNB Smart Chain.

In addition, Binance has also revealed that it will provide users with 10 free chances per day to generate artwork through the platform.

Earlier this year, Binance released a beta version of the AI NFT generator, initially named “Bicasso.” This beta version quickly reached full capacity within just two and a half hours, hitting the maximum minting limit of 10,000 NFTs.

However, controversy emerged shortly after the beta launch, with accusations of idea theft aimed at Binance from a community member, Ggoma, whose project "Chatcasso" won the BNB Chain hackathon. In response, Binance defended its position, stating that the development of Bicasso had started independently two weeks prior to the hackathon.

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