Korea-based Steemhunt has accused Binance of stealing their product thought for Chatcasso to launch the alternate’s AI product- Bicasso.
Main crypto alternate Binance launched the beta model of Bicasso on March 1. The AI product was designed to permit customers to simply flip their photographs and texts into NFTs utilizing AI expertise.
Binance accused of copying Chatcasso
In response to Steemhunt member- ggoma, the staff pitched the thought for Chatcasso in the course of the BNB Chain hackathon held in Seoul again in December 2022.
Chatcasso won first place within the BNB hackathon and acquired the successful value of $5,000.
“We have been ecstatic, to say the least. We thought our arduous work paid off, and that we had an excellent product basis we might preserve constructing on.
Nevertheless it looks as if Binance had different plans,” ggoma stated.
Barely two months after, Binance allegedly copied Steemhunt’s product thought and launch their AI product- Bicasso.
Ggoma expressed dissatisfaction with Binance’s transfer and complained that the similarity within the product names and options will confuse customers and hamper the expansion of their innovation.
The Steemhunt staff has known as on Binance and its CEO Chengpeng Zhao to take the required steps to proper their wrongs.
Credit score needs to be given to Steemhunt
Members of the crypto neighborhood have expressed dissatisfaction over Binance’s strategy to launching Bicasso.
Some Twitter customers stated that Binance ought to have not less than given due recognition and credit score to the staff earlier than copying their thought.
A Twitter user- Zilliboka- stated that small companies need to be protected to keep away from circumstances of stealing their concepts with out compensation.
“Small companies deserve safety and folks’s concepts needs to be revered. If not innovation will undergo,” he added.
Some customers have additionally acknowledged they might not assist Binance and its Bicasso mission as a result of Chatcasso’s declare.
As of press time, neither Binance nor its CEO Changpeng Zhao has responded to the general public allegations trailing Bicasso’s launch.
