New Listing: Render (RNDR)

New Listing: Render (RNDR)

A look into the world of Render (RNDR).

Asset: Render (RNDR).

Category: Decentralised blockchain.

Listing date: May 21st, 2024.

Overview of Render (RNDR).

The Render Network is a decentralised GPU rendering platform that enables artists to scale rendering work using high-performance GPU nodes globally.

Utilising a blockchain marketplace for idle GPU compute, it allows artists to scale rendering tasks more efficiently and affordably compared to centralised GPU cloud services, resulting in significant cost savings and vastly improved rendering speeds.

What is RNDR used for?

Render (RNDR) is a distributed GPU rendering network operating on the Ethereum blockchain. Its purpose is to facilitate connections between artists and studios seeking GPU compute power and mining partners who are willing to rent out their GPU capabilities. Creators utilise RNDR as a means of compensating GPU providers, who are also rewarded in RNDR tokens.

As an ERC-20 utility token, Render (RNDR) enables artists to acquire GPU compute power from GPU providers on the network. It employs a proof of render system to ensure artwork is fully rendered before payment and release. Proprietary assets are hashed upon upload and sent to nodes for rendering, leveraging the security of the Ethereum blockchain.

All RNDR payments are held during rendering and are only released to node operators after manual verification by the commissioning artist of successful completion. To deter malicious actors, all rendered assets are watermarked until payment is disbursed, after which un-watermarked versions can be downloaded. Additionally, all payments are held until manually verified as correctly rendered.

The history of Render (RNDR).

Conceived in 2009 by OTOY, with founder Jules Urbach at the helm, RNDR was launched in 2017. It held its first public token sale in October of that year, preceded by a private sale from January to May 2018, during which 117,843,239 RNDR tokens were sold at a rate of 1 RNDR for US$0.25.

Early adopters joined the RNDR Beta Test net during the private sale, collaborating with beta node operators and artists to build and test the network until its public launch on April 27th, 2020. On November 2nd, 2023, Render was launched.

Who is behind Render (RNDR)?

Backed by parent company OTOY, the RNDR team operates from Los Angeles, with members dispersed globally. Its advisory board includes industry titans like Ari Emanuel (Co-Founder and Co-CEO, WME), JJ Abrams (Chairman and CEO, Bad Robot Productions), and Brendan Eich (Founder and CEO, Brave Software and BAT).

These leaders have advised RNDR on merging cryptocurrency communities with Hollywood studio production pipelines, ensuring the platform's appeal to both sectors.

What problems does Render (RNDR) solve?

Rendering motion graphics, special effects, and 3D environments can be costly and resource-intensive, limiting accessibility for beginners and those with budget constraints.

Render addresses this by allowing users to rent computing power from idle GPUs on its network. Participants can earn RNDR tokens by renting out their GPUs when not in use.

Render Network provides near real-time rendering as a blockchain-based peer-to-peer platform for various computational tasks, including 3D rendering and artificial intelligence (AI) applications.

It connects the people who need GPU compute power with the ones who want to rent their GPUs out. It ensures swift and efficient processing, free from errors or delays, while safeguarding secure property rights.

Resources:

Render Network website: https://rendernetwork.com/

White paper: Render Network Foundation Whitepaper (renderfoundation.com)

Socials: twitter.com/rendernetwork

Blog: Render Network – Medium

Coinmarketcap Render: https://coinmarketcap.com/currencies/render/

Render Network Foundation: Render Network Foundation Team (renderfoundation.com)