Assessing BNB’s move following Binance’s launch of AI-infused NFT platform

ambcrypto.com:

In its most recent NFT services, Binance looks to have tapped into artificial intelligence (AI), which has lately made its way into the cryptocurrency sector.

It recently announced the launch of a platform that integrates AI with NFT. Was there any response from its native token, BNB, regarding this recent development?

 Read Binance Coin [BNB] Price Prediction 2023-24

Binance CEO Chanpeng Zhao (CZ) unveiled the debut of a brand-new platform on 1 March, named Bicassso. CZ claims it’s a brand-new platform combining artificial intelligence (AI) and non-fungible token (NFT) technology.

To generate an original image, users can fill in a creative prompt or submit an existing image for the program to modify. Minting photos as NFTs on Binance’s native BNB chain is an option for users. At the time of this writing, the initial free mint limit of 10,000 NFTs had almost been reached.

Binance’s NFT marketplace has yet to be as successful as other, more well-known NFT marketplaces despite the company’s best efforts.

This is in spite of Binance being the biggest exchange, and its marketplace lists prominent NFTs like Bored Ape Yacht Club (BAYC) and Doodles.

DappRadar’s data shows that OpenSea is, by far, the most dominant exchange right now, with Blur coming in at number five and Binance not even into the top twenty.

The NFT trade volume measure of Binance has not shown any significant activity, according to data collected on Santiment.

The volume was approximately $115,000 as of the time of writing, compared to nearly $632,000 on 1 March. Yet, no increase was visible on the chart, indicating a typical activity level on Binance’s NFT front.

Source: Santiment

The seven-day active address of Binance (BNB) did not indicate a response