Binance is facing accusations of plagiarism after the launch of Bicasso, an AI-based nonfungible token (NFT) creation tool. It has been alleged that Binance copied a tool created by Chatcasso just two months after awarding them first prize in the BNB Chain hackathon held in Seoul between December 17 to 19, 2022.
Binance CEO Changpeng ‘CZ’ Zhao declared the launch of Bicasso on March 1 and described it as a product that can be used to “turn creative visions into NFTs with AI”. This has triggered community member ggoma to accuse Binance of blatantly copying his project Chatcasso and passing it off as their own.
Binance responds to the accusation
Binance has denied the accusations of theft. A Binance representative has said that Chatcasso was merely an experimental project by a small team at Binance as part of their testing and experimentation process. The spokesperson further commented that NFTs and AI are concepts that many players in the industry are exploring. Chatcasso was awarded the first prize in the BNB Chain hackathon for successfully creating an AI-powered tool for producing NFTs, and earned $5,000 in Binance USD as a result.
Source: https://www.cryptopolitan.com/binance-accused-of-copying-nft-creation-tool/