In under 2.5 hours Binance AI-powered NFT generator generates 10,000 mints

[riverdip]

 Binance, a cryptocurrency exchange, has created an AI-powered NFT generator that can mint 10,000 NFTs in under 2.5 hours. The post suggests that the generator is part of Binance's push to expand its NFT offerings and make them more accessible to users. With this technology, Binance aims to provide users with a faster and more efficient way to create and trade NFTs.

Read full article: https://cryptobasket.org/posts/in-under-2.5-hours-binance-ai-powered-nft-generator-generates-10-000-mints

[Hispo]

Binance’s AI-powered NFT generator hits 10K mints in 2.5 hours

Source: https://cointelegraph.com/news/binance-s-ai-powered-nft-generator-hits-10k-mints-in-2-5-hours


There is another source for those who would rather to read it on Cointelegraph.
I personally do not like much the idea of Binance working and pushing this project to generate art and minting at this scale, one of the main reasons I thought that NFTs could have had a positive impact within the artists community was because it could have provided a new way for artists to life off their passion and their talent.

Unfortunately, now artists are not only worried about the future of their jobs because artificial intelligence, but also it seems that NFTs, rather than a new job for them, it going to become all the opposite.

Binance should focus on provide liquidity, financial services and custody of their client's assets in the best way possible, rather than this. In my opinion.
I am not against innovation but this does not look very good.

[Tytanowy Janusz]

There is another source for those who would rather to read it on Cointelegraph.
I personally do not like much the idea of Binance working and pushing this project to generate art and minting at this scale, one of the main reasons I thought that NFTs could have had a positive impact within the artists community was because it could have provided a new way for artists to life off their passion and their talent.

Unfortunately, now artists are not only worried about the future of their jobs because artificial intelligence, but also it seems that NFTs, rather than a new job for them, it going to become all the opposite.

Binance should focus on provide liquidity, financial services and custody of their client's assets in the best way possible, rather than this. In my opinion.
I am not against innovation but this does not look very good.

You know what?
When cars were about to hit mass adotpion, horse-drawn carriage drivers were protesting. The same was with postmans and telephone/internet innovation. The same was with taxi drivers and uber. Over the years, many professions have ceased to exist or have become marginalized. if ai generator can create 10 000 "art" in a time an artist can make one third ... its not the moment to cover your eyes and say I can't see it. Lets all forget there is such technology to protect artists job.

No matter what we do to defend them, there will always be an honest artist who will work 10 hours a day and sell 1 peace of art ... and his competition who will work 5 minutes a day and sell 2 claiming that it is also a handmade.

[o48o]

You know what?
When cars were about to hit mass adotpion, horse-drawn carriage drivers were protesting. The same was with postmans and telephone/internet innovation. The same was with taxi drivers and uber. Over the years, many professions have ceased to exist or have become marginalized. if ai generator can create 10 000 "art" in a time an artist can make one third ... its not the moment to cover your eyes and say I can't see it. Lets all forget there is such technology to protect artists job.

No matter what we do to defend them, there will always be an honest artist who will work 10 hours a day and sell 1 peace of art ... and his competition who will work 5 minutes a day and sell 2 claiming that it is also a handmade.

I am with you on this. It's another thing to complain that generative ai steals artwork or pictures online and uses it as its own. Because that's a real issue.
But just the issue that something geneates art or music and steals their jobs i say tough luck. I am a musician and i totally get that some of us will be replaced by ai. Future will most likely still needs hand crafted art and actual humans. Not just for everything.

Every sector of jobs were affected by industrial revolution and machines back in time, just like every sector will be affected by ai next.

[JeromeTash]

Binance puttting NFTs down the drain with few lines of code.

Who really is going to spend their hard earn money buying NFTs made by AIs? 
There is going to come a time when NFTs are going to be completely pointless and people will definitely move away from the stupid hype. Unfortunately, honest will be collateral damage, Well done Binance 🤡

[VanDeinsberg12]

Those who have been minting use binance NFT generator have very big hopes that they can sell their NFT at a good price in the binance NFT market. It's pure gambling by those people. I saw that some of my friends were also minting it too.

TBH the NFT generated by binance NFT generator potentially has no value as well. Those people minted it at a really cheap price. These days people are always gambling with anything that can give em all money. 

[Baofeng]

Binance puttting NFTs down the drain with few lines of code.

Who really is going to spend their hard earn money buying NFTs made by AIs? 
There is going to come a time when NFTs are going to be completely pointless and people will definitely move away from the stupid hype. Unfortunately, honest will be collateral damage, Well done Binance 🤡

Maybe there will be some investors willing to test that waters and buying this AI generated NFT. But we all know that it defeats the whole purpose of NFT as this is supposedly made by artist themselves. But since AI is everywhere now specially the way they draw and crafted art that is perfect to the eyes, Binance might be the one destroying this sector? Yeah, I agree, sooner or later, this "real" artist will have to find another way to make some money out of our crypto industry. So good job Binance, <insert sarcasm here>.

[Bestdss]

This Era of Artificial Intelligence in crypto-currency seems like a scam to me. Most of the tokens I monitored rolling out with AI has directly rugged people with their hard earned money. Now it's Binance rolling out 100's of Nfts with AI within 2.5 hours. People are still going to buy the pictures because it is from Binance and at the end the worst will happen. I have Never believed in NFT for once since inception and I have lost to it. Alot happens in the back door. At the end individuals work hard to in this space to loose in the hands of few Devs.

[noorman0]

Easy as that,
So binance started the collapse of the nft art industry as a whole, specifically preventing new artists from coming out due to the difficulty of judging originality. Also, perhaps spammers will be in the forefront of getting rich with this move, thousands of addresses will be flooded with unwanted nfts.

[cryptoaddictchie]

Easy as that,
So binance started the collapse of the nft art industry as a whole, specifically preventing new artists from coming out due to the difficulty of judging originality. Also, perhaps spammers will be in the forefront of getting rich with this move, thousands of addresses will be flooded with unwanted nfts.

Not reallt but with what they introduced, it prettt obvious that AI trend is really that powerful since even a giant like Binance would resort to this kind of approach which we all knew break the idea of artistic method of people regarding nft. Well anyone can built such powerful tech for this situation but the question is, are those method will keep nft industry alive? Or just make it worse instead?

[Hispo]

You know what?
When cars were about to hit mass adotpion, horse-drawn carriage drivers were protesting. The same was with postmans and telephone/internet innovation. The same was with taxi drivers and uber. Over the years, many professions have ceased to exist or have become marginalized. if ai generator can create 10 000 "art" in a time an artist can make one third ... its not the moment to cover your eyes and say I can't see it. Lets all forget there is such technology to protect artists job.

No matter what we do to defend them, there will always be an honest artist who will work 10 hours a day and sell 1 peace of art ... and his competition who will work 5 minutes a day and sell 2 claiming that it is also a handmade.

I am with you on this. It's another thing to complain that generative ai steals artwork or pictures online and uses it as its own. Because that's a real issue.
But just the issue that something geneates art or music and steals their jobs i say tough luck. I am a musician and i totally get that some of us will be replaced by ai. Future will most likely still needs hand crafted art and actual humans. Not just for everything.

Every sector of jobs were affected by industrial revolution and machines back in time, just like every sector will be affected by ai next.

I understand that in the future we will likely need less people who do manual work, music composition, art, ect.
I am worried as well about the definition of "art" and "artist". So in a few years an artist will be someone who is simply able to type down some prompt and generate art through an Artificial Intelligence? It sounds kind of wrong if you asked me.

If this is indeed the future then, perhaps universities should get rid of their programs for graphic designers and artists in the next years, so those people can specialize on other areas, since the AI could indeed get rid of a huge percentage of the market of handmade pieces. 

World's getting more dystopian as time passes.

[Anonylz]

I was too late to mint a cool binance ai nft for myself. I can't believe how crypto people hunt for such freebies, even though there is no value yet but the thought of what it could cost in near future drove people to mint it all so quickly.
From the look of things, AI related projects will be the next trends and most likely perform well in the next upcoming bull season.

[JeromeTash]

Maybe there will be some investors willing to test that waters and buying this AI generated NFT. But we all know that it defeats the whole purpose of NFT as this is supposedly made by artist themselves. But since AI is everywhere now specially the way they draw and crafted art that is perfect to the eyes, Binance might be the one destroying this sector? Yeah, I agree, sooner or later, this "real" artist will have to find another way to make some money out of our crypto industry. So good job Binance, <insert sarcasm here>.

True, this will lead to complete death of creativity.

For example, I have just created this image in 20 seconds using a randoman AI art generator i got through Google, and it isn't even premium. Just a simple idea I thought about quickly and all I told the AI to draw me was a pic of an elephant on the moon



Being an Artist by talent, I know how it feels for all other genuine content creators out there.

[Psynthax]

I couldnt understand how these AI generated NFT are gonna be worth any dollars, quite literally everyone could just generate an art from AI and create NFT of it manually, doesn't need to mint through programs made by binance.
I guess it might be the fact that it's somehow related with binance that could give some value to the NFT itself, but I still think that these AI generated NFT are somehow useless and looks like waste of money.