Global crypto brand Binance has launched a new project combining artificial intelligence and NFT technology. The leading exchange combines an artificial intelligence program that creates a Dall-E-like image with Blockchain. The news sparked price action for AI coins.
Binance announces new artificial intelligence product: Bicasso is ready
Binance CEO CZ recently introduced Binance’s artificial intelligence product called “Bicasso” on his Twitter account. Users can convert worlds they specify as their writings into NFTs with Bicasso’s AI technology. Bicasso, an artificial intelligence program that creates Dall-E-like images, is currently in beta. It is limited to only 10k mint for now and continues to be tested.
https://twitter.com/cz_binance/status/163099653023080448
Shortly after CZ’s announcement, Bicasso saw a massive influx of users. CZ reported in a second tweet that the system will go offline for a while. Meanwhile, AI coins are rallying in double digits on the news, as was Microsoft’s investment in OpenAI in January.
The most valuable artificial intelligence coins of the day
The AI coin market has been in the trend of the cryptocurrency market since the last month of last year. Following the day’s AI-related Binance announcement, much of the AI coin market has gained momentum on the upside. According to data from CMC, the following AI coins currently occupy the top of the green board:
- Raze Network (RAZE): 32.10%
- Aion (AION): 40.40%
- EpiK Protocol (EPK): 27.33%
- Big Data Protocol (BDP): 17.46%
- Matrix AI Network (MAN): 17.57%
- Jarvis+ (JAR): 16.46%
- iMe Lab (LIME): 15.37%
- ODIN PROTOCOL (ODIN): 18.80%
- VAIOT (VAI): 12.98%
- Artificial Liquid Intelligence (ALI): 14.29%
AI coin market cap reaches $4 billion following $1.6 billion inflow in one month
The artificial intelligence (AI) market is booming amid increased growth in the industry driven by the success of the text-based ChatGPT platform. Following the hype around AI, projects in the industry are recording more and more capital inflows.
According to the data, especially as of March 1, the market value of artificial intelligence-based projects exceeded $ 4 billion and reached $ 4.18 billion.
As Kriptokoin.com, we have included the rallying AI coins in this article after the news suggesting that Elon Musk is applying to AI researchers for his next venture. Overall, the growth opportunity around AI was a combination of investor interest, potential, and hype. Meanwhile, the industry is witnessing the emergence of innovative and compelling use cases highlighted by ChatGPT. Meanwhile, market giants like BTC and ETH were up around 2%.
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