Render is a distributive rendering network developed on top of the Ethereum blockchain. It allows content creators to connect distributive GPU rendering services on the blockchain.
Any user with a modern GPU that contribute to their rendering service gain RNDR Tokens as a reward. The network was formulated in 2009 by OTOY inc and launched in 2017 by CEO Jules Urbach.
Table of Contents
How Render Token Work
The networks ecosystem operates solely on the Ethereum Blockchain. it also uses the security and interoperability of the Ethereum network, that is, Holders of RNDR can save their assets on any wallet that supports the Ethereum ERC-20 same as it can be traded on any exchange that is compatible with the ERC – 20.
In the ecosystem of the network, when a user uploads his or her work, the platform automatically calculates the number of RNDR needed to perform the action.
After that, an attachment data that contains details of a smart contract is then sent. This information is then shared on the render network.
But for GPU owners, OctaneRender is used to process the requested job.
OctaneRender
Octane Render is an unbiased rendering application with real-time capability developed by graphics software company OTOY Inc
In the network system, OctaneRender plays a very important role. It uses the tokens to distribute the framework of the existing rendering service. This process eliminates all middlemen and creates a responsive UX.
RNDR tokens
This token is the main digital token of the Render Blockchain. Users of the platform can send the RNDR globally by utilizing the token.
Holders of the token can also send to people who are doing rendering work on the platform. There is a small fee deducted on every RNDR transaction made which goes directly to the development of the blockchain network.
History Of Render
The parent company of Render is OTOY. Founded by Jules Urbach in 2008, it is a private cloud graphics company that offers real-time 3D cinematic quality graphics to filmmakers, 3D designers, game developers, animators, and end-users by using the rendering power of the cloud.
They use a cluster of multiple GPUs and show it to their client through a web browser. The company also markets the LightStage technology. it’s a facial and motion technology that captures an actor’s performance in photorealistic detail. The company now has over 70 employees and four offices around the U.S but has its headquarters in Los Angeles, CA, US
OTOY officially launched Render Token in 2017 and since it was launched, the platform has seen much development. Initially, 1 RNDR was 0.25 USD. They held its first public token sale in October and later in that same year, a private sale was also held which lasted from January 2018 to May 2018. In total, they sold 117,843,239 RNDR.
Advantages of Render Token (RNDR)
The GPU Blockchain network gives its users a lot of advantages or benefits, The network’s protocol allows anyone with a modern GPU to donate their rendering power in exchange they get RNDR tokens as rewards.
The user who often use the network gain profits in a secure and simple manner while clients or buyers can save on hardware investments cost. Using this approach, they bring together the gap between GPU supply and high demand.
Scalability
Scalability is one of the key requirements of the Blockchain network. Their focus is on developing a scalable network for users. The GPU business plan needs the network to be able to scale up to meet growing demands from one stage to the other.
The network uses blockchain technology to supply powerful, efficient, and capable alternatives in the GPU market. Users of the network can get access to intricate files that are difficult to complete.
Digital Rights Management
Digital Rights Management system is another core objective of the team that built the GPU network. Right now, there is no globally accepted, storage location for content creators.
The current option they all have at the moment are all centralized platforms that can censor or delete their content without warning.
The GPU network uses an unalterability of blockchain to make sure the rights of its users or content creators are secured and protected. furthermore, the system can register when these works are accessed.
In this way, artists and content creators can have better control of the use of their hard work. Amazingly, users can set up the network to automate royalty payments. These systems will provide more ROI potential for developers.
Options / Altenatives
Render Token users have more options than other networks. It makes it possible for users to create more robust designs. The network is capable of expanding its network which allows users to design more interactive and immersive landscapes.
How To Buy Render Token (RNDR)
RNDR can be bought on several exchanges that are compatible with ERC-20 tokens, but the top 3 exchanges for buying RNDR cryptocurrency with a credit card, debit card, or Bitcoin (BTC) are
Other exchanges are:
How To Store Render Token (RNDR)
Hardware wallets are the best option to hold your RNDR asset for a long period of time if you are planning on buying or making a major investment in this cryptocurrency. Hardware wallets keep your crypto stored offline in “cold storage.”
This approach keeps your crypto asset or investment safe from any online threat to access or hack your investment. Wallets like The Ledger Nano S or the more advanced Ledger Nano X both support RNDR so it’s best to hold your assets in any of them.
What Problems Does Render Token (RNDR) Solve?
The network makes it easy for anyone with an unused GPU to share their power with ease. The network gets rid of any technical barrier associated with network computational systems.
It brings together users who are looking to work with render jobs and others who also have unused or idle GPUs. this strategy saves time and money because users do not need to purchase high-end computers to handle these tasks in their homes.
Lack of Performance
The lack of resources is a major problem in the online rendering industry. people who work with high-end rendering services can attest to the fact that the process is time-consuming and needs a lot of energy to work.
But Render Token leverages its distribution network to provide a decentralized GPU rendering pool. This rendering power is immediately available to all network participants.
Wasted Resources
In terms of processing data, a lot of people are unaware of the fast growth of the digital community. Over the past decade, the digital creation market has seen continued growth. Because of that, the high demand for rendering services has gone up tremendously.
In most cases, GPUs remain idle when owners are not rendering their own work, this brings a situation in which news users have to purchase their own new GPUs.This makes electric consumption go up in value which is not good.
RenderTokens provides a decentralized option that tracks and manages render jobs. The strategy of the network platform helps in providing more efficiency to the gaming community, virtual reality, medical and industrial sectors. This efficiency directly equals a smaller carbon footprint for the industry.
Summary
The Ethereum based blockchain network seems to be well-positioned in the crypto market. Over the last five to six years, there have been a large growth and demand for rendering services.
Plainly, Render Token can save the rendering industry tons in hardware costs. at the same time to provide regular users with the opportunity to earn RNDR tokens as rewards and make a living out of it.
For these stated reasons, we can expect to see this project coming up to high limits in the coming years.
Due to the fast growth of the industry and the high demand for rendering services, it is safe to say that render would be the perfect token for long-term investors to consider.
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