In addition, those who wish to mint NFTs using the tool are also required to pay a minting fee of 0.008 $BNB ($BNB), which is around $1.9 at the time of writing. According to Binance, the fee ensures that the $NFT creation process is executed properly within the $BNB smart chain.
#Binance's AI $NFT generator is back!
Bixel is now publicly available, letting you unleash your creativity to generate your own AI artwork.
Create your digital art before the 10th of August for the chance to win 1 #$BNB!
Learn more here https://t.co/Mh5VYHmYmp
— Binance (@binance) July 26, 2023
When it comes to generating artwork using AI, the crypto exchange said they will provide ten chances for users to produce art for free each day.
Related: Google, OpenAI, Microsoft form ‘Frontier Model Forum’ to regulate AI development
A test version of the artwork generator was also launched earlier this year. On March 1, Binance released a beta version of the AI $NFT generator and called it “Bicasso.” The beta version of the AI tool reached its full capacity within 2.5 hours, achieving the allotted minting limit of 10,000 NFTs shortly after it went live.
However, just days after the beta launch, the exchange was accused of stealing the AI $NFT generator idea from $BNB Chain hackathon winners. On March 2, community member “ggoma” alleged that Binance copied their project called "Chatcasso," which won first prize at the $BNB Chain hackaton held in Seoul, South Korea back in December 2022. When asked about the issue, a Binance spokesperson denied the allegations and claimed that “Bicasso” was developed independently two weeks before the hackathon.
Magazine: Tokenizing music royalties as NFTs could help the next Taylor Swift
cointelegraph.com
