{"id":559708,"date":"2023-03-05T11:05:00","date_gmt":"2023-03-05T08:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bnb-chain-hackathon-winner-accuses-binance-of-stealing-ai-powered-nfts-idea\/"},"modified":"2023-03-05T11:05:00","modified_gmt":"2023-03-05T08:05:00","slug":"bnb-chain-hackathon-winner-accuses-binance-of-stealing-ai-powered-nfts-idea","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bnb-chain-hackathon-winner-accuses-binance-of-stealing-ai-powered-nfts-idea\/","title":{"rendered":"# BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a37a541d9a40\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a37a541d9a40\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bnb-chain-hackathon-winner-accuses-binance-of-stealing-ai-powered-nfts-idea\/#%E2%80%9D_BNB_Chain_hackathon_winner_accuses_Binance_of_stealing_AI-powered_NFTs_idea_%E2%80%9C\" >&#8221; BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_BNB_Chain_hackathon_winner_accuses_Binance_of_stealing_AI-powered_NFTs_idea_%E2%80%9C\"><\/span>&#8221; BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Crypto exchange Binance has been accused of \u201cblatantly\u201d copying the winner of the BNB Chain hackathon after launching Bicasso \u2014 an AI-based nonfungible 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 between Dec. 17 to 19, 2022.<\/p>\n<p>On March 1, Binance CEO Changpeng \u2018CZ\u2019 Zhao <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1630987873884291073\">announced<\/a> the launch of Bicasso, an artificial intelligence (AI) product that can be used to \u201cturn your creative visions into NFTs with AI.\u201d However, community member ggoma believes Binance copied his project Chatcasso and shipped it as their own offering.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8220;Keep building &#8221; &#8211; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\">@cz_binance<\/a> said.<\/p>\n<p>What he DIDN&#8217;T say &#8211; &#8220;If you guys build it well, we&#8217;ll blatantly copy it and ship it as our product! &#8220;<\/p>\n<p>Story of Binance stealing our project we won 1st place at the BNB Chain hackathon  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ejc5Z7w9o1\">https:\/\/t.co\/ejc5Z7w9o1<\/a><\/p>\n<p>\u2014 ggoma  (@0xggoma) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xggoma\/status\/1631149304093233153?ref_src=twsrc%5Etfw\">March 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Binance, on the other hand, dismissed the accusations of stealing. Speaking to Cointelegraph, a Binance spokesperson said that Bicasso is an experimental project built by a small team at Binance as a test and that NFTs and AI are common concepts being worked on by many industry players.<\/p>\n<p>Chatcasso won the first prize in the BNB Chain hackathon for creating an AI-powered tool for creating NFTs and won $5,000 in Binance USD (BUSD). <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/86206a39-b94c-4b70-9a57-9d7d79eaa235.png\"><figcaption style=\"text-align: center;\"><em>Chatcasso won first prize in BNB Chain hackathon, Seoul, Dec. 2022. Source: <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>However, ggoma was shocked to see Binance lauch a similar platform within a span of two months, as he stated:<\/p>\n<blockquote><p>\u201cA big company like Binance copying everything down to the name? It&#8217;s not only unethical, but it&#8217;s also confusing for users. The names are so similar that it&#8217;s hard to tell them apart.\u201d<\/p><\/blockquote>\n<p>In addition, ggoma shared screenshots of the two projects in an attempt to showcase the similarities between the user interface and capabilities.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/723b5ce2-9cc6-4660-92a1-9948bba940ac.png\"><figcaption style=\"text-align: center;\"><em>Screenshots showing similarities between\u00a0Chatcasso and Bicasso platforms. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Binance, however, maintains that the similarities does not imply theft of ideas. The exchange\u2019s spokesperson told Cointelegraph:<\/p>\n<blockquote><p>\u201cDespite the similarities, after conducting an internal review, we\u2019re confident that Bicasso was designed and developed independently more than two weeks before the BNB hackathon.\u201d<\/p><\/blockquote>\n<p>Moreover, Binance and BNB Chain operate separately and the Binance development team are not involved in BNB Chain hackathons, said the crypto exchange. On the other hand, ggoma showed displeasure with the similar names of the two platforms in question:<\/p>\n<blockquote><p>\u201cA big company like Binance copying everything down to the name? It&#8217;s not only unethical, but it&#8217;s also confusing for users. The names are so similar that it&#8217;s hard to tell them apart.\u201d<\/p><\/blockquote>\n<p>Binance clarified to Cointelegraph that the name Bicasso was derived following inspiration from the OpenAI tool \u2018Dall-E,\u2019 which is a reference to the artist Dali, adding that \u201cOur team loved this concept.\u201d<\/p>\n<p>The entire episode made ggoma skeptical of entering hackathons in the future as he wondered if his ideas would be rebranded by a market leader at a later stage. \u201cWe hope that Binance realizes the impact of their actions and takes steps to right their wrongs,\u201d ggoma added while warning builders that \u201cthere are companies out there who will try to take advantage of your hard work.\u201d<\/p>\n<p>Binance\u2019s Bicasso became an instant hit among NFT investors as the AI-powered NFT generator recorded 10,000 mints in 2.5 hours.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Binance launches anti-scam campaign after Hong Kong pilot run<\/em><\/strong><\/p>\n<p>CZ recently warned investors that a photoshopped image with misinformation was being circulated on WeChat, a social media platform in China.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Someone photoshoped this, and it got spread widely on WeChat in china. It says I got shot by the FBI, whom our team work with closely\u2026 \u200d\u2642\ufe0f 4. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/2Iz7c1QgA8\">pic.twitter.com\/2Iz7c1QgA8<\/a><\/p>\n<p>\u2014 CZ  Binance (@cz_binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1631646060992163844?ref_src=twsrc%5Etfw\">March 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>CZ further highlighted the importance of dismissing fear, uncertainty and doubt (FUD) and advised investors to ignore false allegations that crop up from time to time.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bnb-chain-hackathon-winner-accuses-binance-of-stealing-ai-powered-nfts-idea\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea &#8220; Crypto exchange Binance has been accused of \u201cblatantly\u201d copying the winner of the BNB Chain hackathon after launching Bicasso \u2014 an AI-based nonfungible token (NFT) creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them&#8230;<\/p>\n","protected":false},"author":1,"featured_media":559709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/976a2294-97f5-4463-bb99-954e0f625636.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77337,75014,138848,83644,95118,116,117],"class_list":["post-559708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ai","tag-binance","tag-binance-usd","tag-hackathon","tag-nft","tag-art","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/559708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=559708"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/559708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/559709"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=559708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=559708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=559708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}