Binance Accused of Copying Idea for Bicasso from Steemhunt’s Chatcasso

CryptoSlate | Christian Nwobodo  | Mar 3, 2023

Illustration via CryptoSlate - Binance Accused of Copying Idea for Bicasso from Steemhunt's Chatcasso

Illustration via CryptoSlate

Binance allegedly copied the idea for "Bicasso" from Steemhunt's "Chatcasso"- an AI product that won the BNB Chain hackathon of December 2022.

  • Bicasso: Leading crypto exchange Binance launched the beta version of Bicasso on March 1. The AI product was designed to allow users to easily turn their images and texts into NFTs using AI technology.

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  • Korea-based Steemhunt has accused Binance of stealing their product idea for Chatcasso to launch the exchange’s AI product- Bicasso.
    • Chatcasso won first place in the BNB hackathon and received the winning price of $5,000. “We were ecstatic, to say the least. We thought our hard work paid off, and that we had a great product foundation we could keep building on. But it seems like Binance had other plans,” ggoma said.
  • Credit to Steemhunt? Members of the crypto community have expressed dissatisfaction over Binance’s approach to launching Bicasso. Some Twitter users said that Binance should have at least given due recognition and credit to the team before copying their idea.

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CoinDesk | Cam Thompson | Mar 1, 2023

Binance Releases AI-Powered NFT Generator "Bicasso"

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  • Bicasso is similar to AI art platforms such as DALL-E or Midjourney, where users can type in a creative prompt to produce a unique image or upload an image for the tool to adapt. Users can then mint their images as NFTs on Binance’s native BNB chain.
    • “You can turn your creative visions into NFTs with AI,” Binance CEO Changpeng Zhao said on Twitter. “Give it a try and show me what you make with it.”


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