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Binance launched an AI-powered NFT generator that allows users to create custom artworks using artificial intelligence. The tool, dubbed "Bixel," is now permanently available for Binance NFT users who have completed the platform's know your customer (KYC) identity verification process.
To use Bixel, users must provide basic details about their desired artwork, such as the style, genre, and color palette. The AI tool will then generate a unique piece of art based on the user's input. Users can then mint the NFT and sell it on the Binance NFT marketplace. In addition to the KYC requirement, users who wish to mint NFTs using Bixel must also pay a minting fee of 0.008 BNB, around $1.9 at the time of writing. Binance says that the fee ensures that the NFT creation process is executed properly within the BNB smart chain.
Bixel launch is a significant development in the NFTs field. It makes it possible for anyone to create and mint their NFTs without any prior artistic experience. This could open the NFT market to a wider range of users and help drive further technology adoption.
However, the launch of Bixel had some controversy. In March 2023, community member "ggoma" alleged that Binance copied the AI NFT generator idea from their "Chatcasso" project. It happened to win first prize at the BNB Chain hackathon in Seoul, South Korea, in December 2022. When asked about the issue, a Binance spokesperson denied the allegations. Also, he claimed that "Bicasso development happened independently two weeks before the hackathon.
Despite the controversy, the launch of Bixel is a significant development in the field of NFTs. It remains to be seen how popular the tool will be, but it has the potential to make NFTs more accessible to a wider range of users.