RenderToken (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain, designed to connect artists and studios in need of GPU computing power with mining partners willing to rent out their GPU capabilities. Since its inception, RNDR has seen continuous growth and technological advancements.
In 2023, RNDR began migrating part of its infrastructure to the Solana blockchain to achieve higher scalability and reduce transaction costs. This was a pivotal move that followed a series of developments, including a partnership with Apple to integrate GPU-based cloud rendering into mainstream media production workflows. By August 2023, the platform surpassed 500,000 completed rendering jobs, highlighting its growing adoption across industries like gaming and architecture.
In October 2023, RNDR introduced its decentralized governance framework, allowing token holders to vote on key protocol upgrades. Expanding further into new technological areas, RNDR integrated AI and machine learning support by April 2024, enabling GPU infrastructure to handle large-scale training and inference tasks.
As of September 2024, RNDR became fully interoperable between the Ethereum and Solana networks, offering seamless cross-chain functionality to enhance its utility across both ecosystems. By October 2024, RNDR had secured significant partnerships with Hollywood studios, embedding its decentralized GPU rendering services into post-production workflows for films and TV shows. This expansion solidifies RNDR’s role as a vital platform for digital content creation, bridging blockchain technology with major media industries and enabling future digital economies.
Above are only for introduction, not intended as investment advice.
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Render (RNDR) is a unique cryptocurrency and blockchain-based project that merges the worlds of digital art, blockchain technology, and distributed computing. Here's a concise overview of Render (RNDR) based on the latest information:
1. What is Render (RNDR)?: RenderToken (RNDR) is a distributed GPU rendering network, which is built atop the Ethereum blockchain. Its primary aim is to bridge the gap between artists and studios requiring GPU compute power, and mining partners who are willing to rent out their GPU capabilities
2. Purpose and Functionality: The Render Network facilitates individuals to contribute their unused GPU power to aid in rendering motion graphics and visual effects. This contribution is rewarded with Render tokens (RNDR), which are the native utility tokens of the network. This creates a peer-to-peer (P2P) network where both individuals and businesses can participate and benefit
3. Decentralized Graphics Rendering: As a decentralized platform, Render leverages blockchain technology to enhance graphics rendering. This approach differs from traditional rendering methods, offering a more distributed and accessible solution for those in need of rendering services
4. Migration to Solana Blockchain: In a significant development, Render has migrated from the Ethereum blockchain to the Solana blockchain. This migration came with incentives for users to transfer their RNDR tokens to Solana. This shift aims to enhance user experience and streamline the token transfer process
Render (RNDR) belongs to the burgeoning sector of the metaverse within the blockchain field. The metaverse refers to a highly immersive 3D virtual world experience, leveraging technologies like Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR). RNDR, with its decentralized GPU computing platform, plays a crucial role in this sector by providing high-performance distributed GPU rendering features, essential for the creation process in the metaverse. The current situation and development prospects of the metaverse sector are quite promising:
1. Market Size and Growth: The global metaverse market was estimated at USD 65.5 billion in 2022 and is expected to grow at a CAGR of 41.6% from 2023 to 2030. This growth is driven by the integration of digital and physical worlds using the Internet, and the popularity of AR, VR, and MR
2. Transformative Influence of Cryptocurrencies and NFTs: Cryptocurrencies and Non-Fungible Tokens (NFTs) are significantly impacting the metaverse. They facilitate a decentralized digital economy and support seamless commerce within the metaverse, redefining the concept of ownership and value in digital assets
3. Impact of COVID-19: The pandemic has played a significant role in accelerating interest and investment in the metaverse. The necessity for realistic online interactions during lockdowns spurred the growth of virtual communities and the use of mixed reality technologies
4. Technological Innovations: Continued innovations in AR, VR, and MR technologies are expected to drive growth in the metaverse. These technologies allow for more immersive and realistic virtual experiences, which are key to the metaverse’s appeal
5. Diverse Applications and End Uses: The metaverse finds applications across various domains including gaming, online shopping, content creation, social media, and digital marketing. The gaming sector, in particular, holds a significant revenue share, driven by ongoing innovations and the focus on immersive gaming experiences
6. . Additionally, the media and entertainment industry, particularly through virtual concerts and events, is expected to see substantial growth
7. Challenges and Concerns: Despite its potential, the metaverse sector faces challenges like the threat of cyber-attacks, data security, and privacy concerns, which may impact its growth to some extent
The tokenomics of Render (RNDR) involves a complex system of allocation, distribution, and supply management. Here's a detailed overview based on the latest information available:
1. New Tokenomics Model: Render's DAO has unanimously voted to adopt a new tokenomics model called the "burn and mint equilibrium model." In this model, users pay for services in USD, and an equivalent value of RNDR tokens is burnt, continuously reducing the supply of RNDR tokens. Render Credits are minted and issued to track the jobs corresponding to the burnt RNDR tokens. Node operators on the Render Network are rewarded based on their availability and the number of jobs they complete
2. Token Supply and Allocation: As of the latest information, there is a maximum supply of 536,870,912 RNDR tokens. Out of this, 117,843,239 RNDR have been allocated since the public token sale in October 2017. The circulating supply is approximately 156 million RNDR, and the total supply stands at 522 million RNDR. A significant portion of the total supply, about 65%, is held in escrow for supply/demand flowback to the network. Additionally, 10% is in the RNDR Reserve for user acquisition, and 25% was sold during the token sales
3. Token Sales and Bonuses: The initial RNDR token sale took place in two phases, starting with a public sale in October 2017, followed by a private sale from January to May 2018. The public sale price was set at $0.25 USD per RNDR, with an ETH/RNDR exchange rate of 1150 RNDR per 1 ETH. There was also a public sale bonus of 20% Genesis Bonus. The private sale offered a bonus of 2.5% to 30% and sold tokens at the same price as the public sale. There was no vesting period for tokens sold during these sales
4. Token Migration and Burn: RNDR tokens were initially issued on the Ethereum blockchain, and a migration process was set up to update the ERC-20 tokens with additional escrow smart-contract functionality. During this migration, an oversupply of 1,610,612,736 RNDR on the old contract was planned to be burned. The migration ratio was set at 1 old RNDR to 1 new RNDR. The migration was designed to remain open indefinitely, with a supply limit of 536,870,912 RNDR for the new contract
The team behind Render (RNDR) is led by several prominent figures with diverse backgrounds in technology, blockchain, and creative industries. Key team members include:
Other notable team members include Demian Brener (Co-Founder & CEO of Zeppelin Solutions), Manuel Araoz (CTO at Zeppelin Solutions), David Vorick (CEO, Co-founder, Core Developer at Sia.tech), Kalin Stoyanchev (Head of Blockchain), Charlie Wallace (CTO), Phillip Gara (Director of Strategy), Jayson Kleinman (Project Manager), Padi Frigg (Product Manager), Matthew McClure (Blockchain Developer), Tim Maclean (Developer), Daniel Torres (Developer), and Mathis Lesieur (3D Artist & Success Manager).
Render Network has attracted significant funding and support, highlighting its potential in the blockchain and metaverse sector:
1. Conception and Launch: Render Token (RNDR) was conceived in 2009 by OTOY, Inc. CEO Jules Urbach and launched in 2017.
2. Token Sales: The first public token sale was in October 2017, followed by a private sale from January 2018 to May 2018. During the private sale, 117,843,239 RNDR were sold.
3. Beta Testnet: Early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists collaborated with the RNDR team in building and testing the network.
4. Public Launch: The network officially launched on April 27, 2020.
1. Render Network Foundation (RNF): A non-profit organization, RNF, was recently established, taking over core Render Network Repos and the brand. This is part of the network's ongoing decentralization and development.
2. RNP-001 (v2) Proposal: The community voted on this proposal, which involves implementing a burn and mint equilibrium (BME) for transactions between artists and operators.
3. Use in NFTs and Digital Art: The Render Network's generative art projects are increasingly used in NFTs and digital art.
4. List all impor
Render Token Official Website:
Render Network Foundation:
Proposal for Burn and Mint Equilibrium (BME):
https://snapshot.org/#/rndr.eth
Upgrade Portal (Ethereum to Solana):
https://upgrade.rendernetwork.com/
Jules Urbach's GTC Talk:
https://www.nvidia.com/en-us/gtc/
CoinMarketCap (RNDR Overview):
https://coinmarketcap.com/currencies/render-token/
RNDR on Coindar (Events, News & Roadmap):
https://coindar.org/en/coin/render-token
Render Network on DailyCoin (Project Review and Developments):
https://dailycoin.com/render-token-rndr-project-review-recent-development-future-events-community/
Render Network Foundation Roadmap:
As of the latest data, Render (RNDR) has a price of approximately $3.30.
The market capitalization of RNDR is around $1,228,069,252, ranking it #48 in the market.
Render Token has a circulating supply of about 371,908,453 RNDR, with a total supply of 530,962,615 RNDR and a maximum supply of 536,870,912 RNDR.
Its fully diluted market capitalization stands at about $1,772,787,507
Experts predict that Render Token might reach a high of $4.65 by the end of 2023. By 2030, the potential high is estimated to be around $19.81.
The price predictions for the coming years are as follows:
Subsequent years see a gradual increase in both the potential low and high price predictions, indicating a positive trend
Another analysis suggests that the Render Token price might drop slightly to $3.09 by December 4, 2023, with a neutral sentiment prevailing in the market. The Fear & Greed Index indicates a level of 72, suggesting 'Greed'. This sentiment analysis is supported by 16 technical analysis indicators signaling bullish signals and 11 bearish signals
Further predictions based on historical price movements and Bitcoin halving cycles suggest:
RenderToken (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain, designed to connect artists and studios in need of GPU computing power with mining partners willing to rent out their GPU capabilities. Since its inception, RNDR has seen continuous growth and technological advancements.
In 2023, RNDR began migrating part of its infrastructure to the Solana blockchain to achieve higher scalability and reduce transaction costs. This was a pivotal move that followed a series of developments, including a partnership with Apple to integrate GPU-based cloud rendering into mainstream media production workflows. By August 2023, the platform surpassed 500,000 completed rendering jobs, highlighting its growing adoption across industries like gaming and architecture.
In October 2023, RNDR introduced its decentralized governance framework, allowing token holders to vote on key protocol upgrades. Expanding further into new technological areas, RNDR integrated AI and machine learning support by April 2024, enabling GPU infrastructure to handle large-scale training and inference tasks.
As of September 2024, RNDR became fully interoperable between the Ethereum and Solana networks, offering seamless cross-chain functionality to enhance its utility across both ecosystems. By October 2024, RNDR had secured significant partnerships with Hollywood studios, embedding its decentralized GPU rendering services into post-production workflows for films and TV shows. This expansion solidifies RNDR’s role as a vital platform for digital content creation, bridging blockchain technology with major media industries and enabling future digital economies.
Above are only for introduction, not intended as investment advice.