Binance Changes Its AI NFT Generator To Bixel: Why?

The phenomenal rise of artificial intelligence (AI) has completely delighted the tech world in 2023.

Binance, the world's leading cryptocurrency exchange, has renamed its AI NFT generator as Bixel. The company says the new name better reflects the tool's capabilities and its mission to empower creators to unleash their creativity.

Bixel is an AI-powered tool that allows users to create custom images that can be minted as NFTs. The tool offers a variety of features that allow users to control the look and feel of their creations, including the ability to choose the subject matter, style, and colors of their images.

In addition to the renaming, Binance has also made several improvements to Bixel. These include the addition of new features, such as the ability to create animated NFTs, and the ability to import images from other sources.

Binance is also launching a new challenge to celebrate the launch of Bixel. The challenge will give users the chance to win BNB tokens by creating and minting their NFTs.

The renaming of Bixel is a sign of Binance's commitment to the NFT space. The company is one of the leading players in the NFT market, and it is constantly looking for ways to innovate and improve its offerings.

Read More: How to Profit from Binance Blockchain Technology

Some of the reasons why Binance renamed its AI NFT generator as Bixel:

  • To better reflect the tool's capabilities. Bixel is more than just an NFT generator. It is a powerful tool that allows users to create custom images that can be used for a variety of purposes, such as digital art, marketing, and even education.
  • To align with Binance's mission to empower creators. Bixel is a tool that is designed to help creators unleash their creativity. The new name reflects Binance's commitment to supporting and promoting creativity.
  • To create a new brand identity for Bixel. The new name is more memorable and easier to pronounce than the previous name, Bicasso. It is also a more modern and relevant name for a tool that is used to create digital art.

The phenomenal rise of artificial intelligence (AI) has completely delighted the tech world in 2023. Three remarkable creations, ChatGPT, DALL-E, and Midjourney, have been the most popular among them.

They have captivated consumers’ interest and revolutionized users’ perception of AI technology.

From Bicasso To Bixel

Following the AI sector’s rapid growth, prominent players in the crypto industry started launching products and tools related to this sector, seeking to intertwine the latest gem of the tech world with revolutionary blockchain technology.

Notably, Binance, the world’s largest crypto exchange, unveiled an AI-powered NFT generator earlier this year. The innovation sparked excitement throughout the crypto ecosystem.

Following the tool’s launch, many crypto players, especially NFT creators, expressed optimism regarding its potential. However, a few remarked that the tool still needs some improvements before it can be globally adopted.

Nevertheless, Binance announced through its official Twitter handle that it has relaunched the tool. A notable part of the announcement on Wednesday was that the AI tool would no longer be recognized as Picasso.

Instead, it would be known as Bixel. While many industry players and observers were excited about the announcement, they wondered why the exchange renamed the tool. Still, Binance announced that it had made other modifications to its AI NFT generator and will reveal some of these modifications in due course.

One notable feature of Bixel is that it no longer has time constraints. Unlike previous versions, where the tool was only available for a limited time, Binance will grant users of the new tool indefinite access to it.

The firm revealed in an accompanying blog post that the AI NFT generator will be available for regular use and to all categories of users.

How Does Bixel Work?

Bixel is an innovative platform inspired by DALL-E and Midjourney. It harnesses the power of cutting-edge AI technology and offers users a simple and effective way to generate NFTs.

Intending NFT creators only need to follow simple prompts.

Bixel differs from similar tools because it allows users to create more images freely. Potential NFT creators can generate up to ten illustrations for free daily.

Bixel is also useful for experienced NFT creators. It helps NFT creators improve the quality and security of their digital collectibles.

Creators can secure the original version of their digital collectibles on the blockchain by minting them on the Binance Smart Chain (BNB). This ensures their authenticity and uniqueness.

Read More: Exploring NFT's Internals

The procedure is simple and painless, costing only 0.008 BNB, or about $2 (at the time of writing). While Bixel is open to experienced and novice creators, users must note that the platform creators have put in place specific security measures to protect the digital collectibles stored on the platform and to ensure compliance with appropriate regulatory policies.

One such security measure is that users must complete the Know Your Customer (KYC) requirements emphasized by Binance’s vigilant team. Thus, users demonstrate their commitment to ensuring a safe and trustworthy platform for one another.

During the beta launch of Bixel in March, the community’s response was enthusiastic. Some users minted 10,000 NFTs in three hours.

This large volume of minted NFTs demonstrates the immense potential and excitement surrounding this novel technology.

 


DivineMercy

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Comments
Jonah Ekeh 46 w

Good delivery