06/03/2023 BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea

BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea

Crypto exchange Binance has been accused of “blatantly” copying the winner of the BNB Chain hackathon after launching Bicasso — an AI-basednonfungible token (NFT)creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them first prize in a BNB Chain hackathon held in Seoul from Dec. 17–19, 2022.

On March 1, Binance CEO Changpeng “CZ” Zhaoannouncedthe launch of Bicasso, an artificial intelligence (AI) product that can be used to “turn your creative visions into NFTs with AI.” However, community member “ggoma” believes Binance copied and promoted the Chatcasso project as its own.

Binance, on the other hand, dismissed the accusations of plagiarism. Speaking to Cointelegraph, a Binance spokesperson said Bicasso is an experimental project built by a small team at Binance as a test, and that NFTs and AI are common concepts worked on by many industry players.

Chatcasso won the first prize in the BNB Chain hackathon for creating an AI-powered tool for creating NFTs, receiving $5,000 in Binance USD (BUSD).

Chatcasso won first prize at the December 2022 BNB Chain hackathon in Seoul. Source: Twitter

However, ggoma was shocked to see Binance launch a similar platform within two months, stating:

“A big company like Binance copying everything down to the name? It’s not only unethical, but it’s also confusing for users. The names are so similar that it’s hard to tell them apart.”

In addition, ggoma shared screenshots of the two projects to showcase the similarities between the user interface and capabilities.

723b5ce2-9cc6-4660-92a1-9948bba940ac.pngScreenshots showing similarities betweenChatcasso and Bicasso platforms. Source: Twitter

Binance maintains that the similarities do not imply theft of ideas. The exchange’s spokesperson told Cointelegraph:

“Despite the similarities, after conducting an internal review, we’re confident that Bicasso was designed and developed independently more than two weeks before the BNB hackathon.”

Moreover, Binance and BNB Chain operate separately, and the Binance development team is not involved in BNB Chain hackathons, said the spokesperson.

Binance clarified to Cointelegraph that the Bicasso name was inspired by the OpenAI tool “Dall-E,” referring to the artist Salvador Dali, adding, “our team loved this concept.”

The entire episode has made ggoma skeptical of entering hackathons in the future, as he wondered if a market leader would rebrand innovative ideas at a later stage. “We hope that Binance realizes the impact of their actions and takes steps to right their wrongs,” ggoma added while warning builders that “there are companies out there who will try to take advantage of your hard work.”

Binance’s Bicasso became an instant hit among NFT investors as the AI-powered NFT generatorrecorded 10,000 mints in 2.5 hours.

CZ recently warned investors that a photoshopped image with misinformation was circulating on WeChat, a social media platform in China.

CZ further highlighted the importance of dismissing fear, uncertainty and doubt, advising investors to ignore false allegations that surface occasionally.



Interesting NFTs
Source Code for the WWW
OWNER: Sir Tim Berners-Lee Sir Tim Berners-Lee, b. 1955 Source Code for the WWW 1990-1991 Work includes: Original archive of dated and time-stamped files containing the source code, written between 3 October 1990 and 24 August 1991. These files contain code with approximately 9,555 lines, the contents of which include implementations of the three languages and protocols invented by Sir Tim; HTML (Hypertext Markup Language); HTTP (Hyper Transfer Protocol); and URIs (Uniform Resource Identifiers), as well as the original HTML documents that instructed early web users on how to use the application Animated visualization of the code being written (Video, black & white, silent), lasting 30 minutes 25 seconds A Scalable Vector Graphics (SVG) representation of the full code (A0 841mm wide by 1189 mm high), created by Sir Tim from the original files using Python, with a graphic representation of his physical signature at lower right A letter written in the README.md file (in “markdown” format) by Sir Tim in June of 2021, reflecting upon the code and his process of creating it Non-fungible Token ERC-721 Minted on June 15, 2021, ed. 1/1 Smart Contract Address: 0x86ade256037d80d6d42df8df96d5be21cd25bd8f
Facebook logo factory. 3D animation, 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects. Originally posted on TikTok (@jigpx) on 1/4/21. 38.7m+ views, 2.1m+ likes (as of 4/22/21).
Ringers #686
There are an almost infinite number of ways to wrap a string around a set of pegs. On the surface it may seem like a simple concept but prepare to be surprised and delighted at the variety of combinations the algorithm can produce. Each output from 'Ringers' is derived from a unique transaction hash and generated in Javascript in the browser. Feature variations include peg count, sizing, layout, wrap orientation, and a few colorful flourishes for good measure. Additional project feature(s) => Background: White, Size: Normal, Wrap orientation: Off-center, Wrap style: Weave, Peg layout: Recursive grid, Peg scaling: Uniform, Body: Yellow, Peg style: Solid, Extra color: Red, Peg count: 15
Lunar Shield 月之盾
The Lunar shield is revered & sought after all over Chronville. It is a sign of both wealth & prosperity. Nobody has ever seen anybody wearing this shield as it is so rare. The origins of the shield are unknown. Some say it was forged thousands of years ago by a mysterious God, whilst others say it was made specifically to take on Lunar Dragons…But until somebody finds one, nobody will know the truth. (Oink Oink) 月之盾牌是Chronville的尊敬和追捧。它是财富和繁荣的标志。目前没有人看见这盾牌,因为它太罕见了。盾牌的起源也是未知的。有人说它是由一位神秘的上帝在几千年前伪造的,而另一些人则认为这是专门用来对付月之龙......之到有人找到这神秘的盾,没有人会知道真相。
Originalplan® - Series 1 - Raw Cut Diamond [email protected]
The [email protected] series is a project around creating unique [email protected] designs. Originally it started as a daily project so each design was created on a daily basis. The concept and idea is based on the subcultural phenomenon of collectibles and designer toys. Raw Cut [email protected] is made of several hundreds of diamonds and is only availabe as a 1/1 limited edition collectible. Format : 3D Render. File: JPG * size: 5120 × 2880px After purchase a hand signed Glichē print will be sent to the address of your choosing. Limited to: 1/1 digital pieces.