Binance launches AI-powered NFT generator for KYC-verified users
Binance said it will provide ten free chances for users to generate artwork every day. 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 Bina...