Binance’s newly launched artificial intelligence-powered nonfungible token generator has been churning out digital art at full capacity, reaching a cap of 10,000 NFT mints in just 2.5 hours after launch.
“you can turn your creative visions into NFTs with AI” -Changpeng Zhao, Binance CEOcointelegraph
The system is an AI-powered image-generation tool similar to AI-art platforms such as DALL-E. Users can either upload an image such as a profile picture for the AI to work on, or type creative prompts that will generate a bespoke image created with AI.
According to initial mint data, 9,909 owners created at least one NFT as part of the limited beta. The images were part of the pilot so are not available for resale.
Generative art is a new archetype in the art world, having in whole or in part been created through the use of an autonomous system. On Feb. 28, renowned auction house Christie’s auctioned Taylor Hobbs’ “Fidenza #724”, an NFT created with a computer algorithm, for $440,000.