As the AI narrative continues to fuel explosive market sentiment, Binance is determined to claim its piece of the pie.
On March 1, veteran Binance CEO Changpeng Zhao (CZ) revealed on Twitter the launch of an exciting new AI offering.
Aiming at the growing AI-generated art sector, grow binance is an AI-based art creation platform. CZ explained how Bikaso will enable users to curate and mint incredible AI art on demand.
,[Bicasso] Turns your creative vision into an NFT with AI,” CZ said.
Bikaso beta test completely overwhelmed by AI frenzy
The initial beta launch turned out to be a teaser with a hard cap of only 10,000 NFT mints.
However, things quickly turned sour. Market sentiment around AI is so intense that an absolute deluge of volume has overwhelmed Beta Technology.
in fact, in just an hour Bikaso Beta Testing Problems began to appear.
CZ quickly brushes off the user’s complaints, as he proceeds to describe how the AI app has become overloaded with a sea of requests. The CEO of Binance explained that more clones needed to be deployed to handle the demand because Bikaso was single threaded.
Single-threaded means that an application or script can be run by only one user at a time on each machine it is deployed on.
This is in contrast to multi-threaded programs. A multi-threaded AI bot would enable multiple users to run the same script at the same time without having to deploy it to multiple machines.
Bikaso beta sold out in 2.5 hours
However – the brief teaser was a resounding success – despite the initial technical challenges of beta testing. Demonstrating the extremely high demand for AI art products in the NFT space.
This was confirmed in a later tweet from CZ, announcing that all 10,000 mints had been used – thereby ending the beta test. Bikaso has since turned into a whitelist registration page.
This whole Bikaso exercise looks like a masterclass in product promotion from CZ.
By inducing scarcity through 10,000 mint caps on the beta, CZ was able to generate an absolute frenzy of attention and interest in Bicasso. No doubt Bikaso’s whitelist will be very long.
AI-generated art continues to make progress
February is characterized by huge breakout industry stories. AI projects are riding high on the back of significant market interest. ChatGPT and Google as a flurry of activity around BART ignited the AI field.
AI Narrative Pump Spots Top Blockchain-Based AI Platforms Massive +72% Growth in Fetch AI (FET), and fellow AI altcoins SingularityNet (AGIX) rose +327%.
Bicasso follows in the wake of projects such as NovelAI, DAL-e, Midjourney and Stable Diffusion. Who have made huge inroads in the AI Art Generation market.
Fetch AI has also been targeted to AI generated art for many years.
This is what Fetch AI sees in 2021 beta test A blockchain-based AI art generation platform for Learn to Paint.
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