- South Korean blockchain-based neighborhood platform Steemhunt has accused Binance of stealing its AI-based NFT product.
- A Steemhunt consultant was dissatisfied with Binance’s transfer, claiming that the similarity in product names and options would confuse customers and stifle the expansion of their innovation.
South Korean blockchain-based neighborhood platform Steemhunt has accused Binance of mental theft. Steemhunt claims that Binance stole its Chatcasso product thought as a way to launch the alternate’s AI-based NFT product, Bicasso.
Binance CEO Changpeng Zhao just lately announced the beta launch of Bicasso, its AI-backed NFT generator, in a Twitter feed, touting it as a brand new generative AI-powered NFT platform that permits artistic photos to be routinely remodeled into NFTs.
Instantly thereafter, ggoma, a Steemhunt consultant, tweeted that his firm pitched the concept for Chatcasso on the BNB Chain hackathon in Seoul in December of final 12 months. Chatcasso took first place within the BNB hackathon and obtained prize cash price $5,000.
Steemhunt is the core staff of Hunt City, a Web3 agency shaped to increase Web3 tradition and merchandise with a selected deal with DApp improvement.
Chatcasso was promoted as a instrument that “You’ll be able to flip your artistic visions into NFTs with AI.” The Bicasso instrument, launched by Binance, can also be being promoted as a instrument that “You’ll be able to flip your artistic visions into NFTs with AI.”
Steemhunt calls Binance’s motion unethical
“It’s not solely unethical, nevertheless it’s additionally complicated for customers. The names are so related that it’s arduous to inform them aside. It’s disheartening to see an organization that claims to help innovation and improvement steal from the very people who find themselves working arduous to construct the ecosystem,” added ggoma.
Ggoma is anticipating that Binance will acknowledge the results of its actions and take applicable motion to deal with the problem.
Ggoma was dissatisfied with Binance’s transfer, claiming that the similarity in product names and options would confuse customers and stifle the expansion of their innovation.
The Steemhunt staff has urged Binance and its CEO Chengpeng Zhao to make the required corrections.