Binance CEO Changpeng Zhao, popularly known as 'CZ,' announced the launch of the beta version of an artificial intelligence (AI) generator of non-fungible tokens (NFTs), Bicasso, on March 1. Within an hour of the announcement, however, the AI tool received more requests than it could handle, prompting users to try again later.

The tool helps users turn "creative visions into NFTs with AI," CZ said. Users have to simply upload an image and enter a few "magic words" or keywords describing their vision, and Bicasso will produce an AI-generated NFT. It is similar to AI art generators, where AIs can come up with paintings that represent the user's vision.

The beta version of Bicasso is limited to 10,000 NFT mints only. Some users shared images of the NFTs after they finished minting with Bicasso. But more complained about the AI tool being congested. CZ said that the AI is "busy" because it is single-threaded and the team is working on reducing the congestion.

The launch of Bicasso has been met with a great deal of enthusiasm from the crypto community, with many users eager to try out the AI tool. However, the overwhelming response has caused the tool to be congested, leading to users having to wait for their requests to be processed.

The team behind Bicasso is currently working on improving the tool to reduce the congestion and make it more accessible to users. In the meantime, users can still use the tool, but may have to wait a bit longer for their requests to be processed.

The launch of Bicasso is a testament to the growing popularity of NFTs and the potential of AI-generated art. With the team behind Bicasso continuing to work on improving the tool, it is likely that more users will be able to experience the power of AI-generated art in the near future.