The Render Network is a system that lets users contribute GPU power that isn't being used on their home devices. This power can then be sent to the network to help it render motion graphics and other visual effects that are needed for it to run smoothly. These individuals are rewarded with Render tokens (RNDR), the native utility token of the network, in exchange for their services. Through the development of a peer-to-peer network, consumers are able to access unused processing capacity cheaply and effectively.
OTOY is the parent company of Render Network. In 2016, Jules Urbach started Render Network with the goal of rendering the metaverse. OTOY is a graphics software company that focuses on rendering complicated 3D environments using servers in the cloud. Jules Urbach and Malcolm Taylor co-founded OTOY in 2008. There are some well-known investors and advisors in OTOY. Autodesk and Yuri Milner are among the major investors. Google's Eric Schmidt, Mozilla's Brendan Eich, IBM's Sam Palmisano, and WME-Ari IMG's Emanuel serve as advisors.
The reason to build the Render Network was to help users with three main problems: IP Protection- Render provides an effective digital management solution by integrating OctaneRender-based service completion and scoring with blockchain-enabled recordkeeping and encryption. Scalability- The network can be expanded to any size to meet user needs. The reputation and job assignment system utilized by the decentralized Render network can be scaled to meet the needs of any project. Optionality- There are more options for Render Network users. This makes operations more efficient in all areas.
The network is made up of both the Ethereum blockchain and OctaneRender. It is a rendering application made by OTOY, the same company that made the graphics software Render. The Ethereum blockchain serves as the basis for the project's data validation and payment processes. OctaneRender, in association with the free and open-source ORBX media and streaming infrastructure, is used to complete and facilitate 3D rendering activities.
The Render Token system is a distributed GPU rendering platform built on top of the Ethereum blockchain. It aims to provide a bridge between artists and studios in need of GPU computing capacity and mining partners who are willing to share their GPU processing power.
The RNDR coin is utilized as a medium of exchange between network artists and node operators for GPU computational power. RNDR combines a manual and an automated proof of work approach to create a proof of render system.
The RNDR token is also appealing because it has value and can be traded for other cryptocurrency pairs, like USDT and USDC.
| DATE | NEWS/EVENTS | IMPACT |
| 02/11/2022 | Render token gets listed on Revolut, a payment company offering cryptos on its platform | +38% Increase |
| 08/11/2021 | OTOY's Render Network will render Solana's metaverse | +92% Increase |
Render is the first P2P GPU computing network built on blockchain technology. It combines the processing power of a network of decentralized GPUs to give larger GPU cloud rendering capacity than centralized GPU cloud rendering services, which are more costly and slower.
Render is making high-end 3D content production accessible and widely distributed for the first time due to its cost-effective and powerful rendering capabilities, which are powered by the Render Token (RNDR). These characteristics give it a significant potential to attract new consumers, which means that it might develop as a platform and raise the cost of the Render token. Furthermore, the Render Network's offering could assist the ever-expanding Metaverse, thereby increasing its value and usefulness.
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