Binance accused of stealing NFT with AI idea

You may have noticed that Binance launched “Bicasso” this week, a new tool on the platform that allows you to create non-fungible tokens (NFT) based on artificial intelligence. Initially, it was a test round with the AI, in which a total of 10,000 NFTs were developed, but in the future it must be fully and continuously available. However, someone is shouting that Binance stole this idea from him.

AI NFT idea stolen

The striking thing about the new tool on Binance’s platform is that it was conceived about two months ago during a BNB Chain hackathon. Binance hosted that hackathon in Seoul between December 17 and 19 and even awarded the developers of these applications, which they called “Chatcasso”, for their idea.

On March 1, Binance then announced the launch of “Bicasso” through CEO Changpeng Zhao. “An artificial intelligence that you can use to turn your creative visions into AI-powered NFTs,” reads Zhao’s post above.

However, Ggoma, a pseudonymous Twitter user, is convinced that Binance copied the idea and then ran off with it. That is of course not the intention and could potentially cause problems for Changpeng Zhao’s exchange platform.

Binance denies theft

Meanwhile, Binance denies all charges of plagiarism. According to a spokesperson, Bicasso is an experimental project built by a small team from Binance as a test. This is very striking, given that the same product was developed in December by a team that participated in the BNB Chain hackathon.

A hackathon is a competition in which teams come up with new applications and build prototypes within a short period of time. In this case, this group built an application that Binance came up with “itself” a few months later.

Chatcasso also won $5,000 in Binance USD (BUSD) for their idea. The bizarre thing is that Binance even almost copied the name, after all, the difference between Bicasso and Chatcasso is not very big.

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