Binance launches AI-powered NFT generator for KYC-verified users
Crypto exchange Binance’s nonfungible token (NFT) arm announced the launch of its artificial intelligence (AI) NFT generator that lets users produce custom artworks using AI technology.
On July 26, Binance NFT said its AI NFT generator dubbed “Bixel” is now permanently available for its users. According to the trading platform, the tool allows users to generate unique digital art and join the world of NFTs. However, those who wish to use the tool are required to complete the platform’s know your customer (KYC) identity verification process. Binance explained that:
“This critical measure is in place to maintain a trustworthy and secure platform for all users, aligning with best practices and regulatory requirements.”
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!
- Binance (binance)
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.
