Folks have mentioned that Binance “blatantly” copied the winner of the BNB Chain hackathon when it launched Bicasso, an AI-based device for making nonfungible tokens (NFTs). Binance is accused of stealing a Chatcasso device simply two months after awarding them first place in a BNB Chain hackathon performed in Seoul from December 17-19, 2022.
On March 1, Binance CEO Changpeng “CZ” Zhao introduced the discharge of Bicasso, a synthetic intelligence (AI) platform that may “convert your creative ideas into NFTs with AI.” However “ggoma,” a member of the group, says that Binance stole and lied in regards to the Chatcasso venture.
“Keep building 🔨” – @cz_binance mentioned.
What he DIDN’T say – “If you guys build it well, we’ll blatantly copy it and ship it as our product! 🤡”
Story of Binance stealing our venture we gained 1st place on the BNB Chain hackathon 👇🏻 https://t.co/ejc5Z7w9o1
— ggoma 🍌 (@0xggoma) March 2, 2023
Binance, then again, refuted the plagiarism allegations. A spokeswoman for Binance instructed Cointelegraph that Bicasso is a check venture made by a small crew at Binance, and that NFTs and AI are frequent concepts which might be being labored on by many gamers within the trade.
Because the winner of the BNB Chain hackathon, Chatcasso bought $5,000 in Binance USD for making an AI-powered device for making NFTs.
ggoma, then again, was shocked to see Binance launch an identical platform inside two months, saying:
“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.”
ggoma additionally gave screenshots of each tasks to indicate how the consumer interfaces and capabilities are comparable.
Binance says that the similarities don’t imply that they stole the thought. The trade’s spokesman mentioned:
“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.”
Additionally, the spokesman mentioned that Binance and BNB Chain work individually and that the Binance growth crew doesn’t take part in BNB Chain hackathons.
Binance mentioned that the title Bicasso was based mostly on the OpenAI device “Dall-E,” which is called after the artist Salvador Dali. “our team loved this concept,” Binance mentioned.
Due to the entire thing, ggoma is now hesitant to affix future hackathons as a result of he’s fearful {that a} market chief may rebrand breakthrough concepts sooner or later. “We hope that Binance realizes the impact of their actions and takes steps to right their wrongs,” ggoma added whereas warning builders that “there are companies out there who will try to take advantage of your hard work.”
The NFT generator on Binance’s Bicasso, which is powered by AI and may make 10,000 mints in 2.5 hours, rapidly turned in style with NFT traders.
CZ just lately instructed traders {that a} pretend picture with false data was making the rounds on China’s social media community, WeChat.
Somebody photoshoped this, and it bought unfold extensively on WeChat in china. It says I bought shot by the FBI, whom our crew work with carefully… 🤷♂️ 4. pic.twitter.com/2Iz7c1QgA8
Content material Supply: cointelegraph.com
— CZ 🔶 Binance (@cz_binance) March 3, 2023
