Binance, one of the world’s leading cryptocurrency exchanges, is testing a new platform that combines artificial intelligence (AI) and non-fungible tokens (NFTs). Dubbed Bicasso, the platform has been launched in a limited 10K mint run.
The NFT market has seen tremendous growth over the past year as more people become aware of its potential. The technology allows for digital assets to be tokenized on blockchain networks such as Ethereum or Tron. This means that users can own unique digital items with real-world value and trade them freely on these platforms.
Bicasso takes this concept one step further by introducing AI into the mix. The platform uses machine learning algorithms to create unique artwork from user-submitted images or videos. These pieces are then turned into NFTs which can be bought and sold on Binance’s decentralized exchange (DEX).
The limited 10K mint run is designed to test out how well Bicasso works before it is released to the public at large. During this period, users will have access to exclusive artworks created using AI technology and they will also be able to purchase these pieces directly from Binance DEX using their preferred cryptocurrencies such as Bitcoin or Etheruem.
In addition, those who participate in this trial period will receive rewards based on their level of engagement with the project – including discounts when purchasing artwork through Bicasso during launch week! Furthermore, all participants will get an early look at upcoming features like artist collaborations and other special events planned for later down the line.
This isn’t just about creating beautiful art though; it’s also about giving people ownership over their creations while allowing them to benefit financially from it too! By combining AI with blockchain technology, users can now monetize their work without having to worry about copyright infringement or any other legal issues associated with traditional methods of selling artwork online.
Moreover, since all transactions take place via smart contracts on a secure blockchain network like Ethereum or Tron – there’s no need for third parties involved either! This makes buying/selling artwork much easier than ever before while ensuring that everyone gets paid fairly for their efforts regardless of where they live in the world!
Overall, Binance’s new venture looks set to revolutionize how we think about digital art ownership by bringing together two powerful technologies: Artificial Intelligence & Non-Fungible Tokens (NFTs). With its limited 10K mint run already underway – it won’t be long until we see what else this innovative project has up its sleeve!