Render Token (RNDR) - a distributed GPU rendering network, built on top of the Ethereum blockchain. Its goal - to connect artists and studios in need of GPU processing power with mining partners, willing to rent their GPU capabilities.
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Founders of Render Token (RNDR)
RNDR was created in 2009 by Jules Urbach, CEO of OTOY, inc. RNDR held its first public token sale in October 2017, followed by a private sale period from January 2018 to May 2018. During this period, a total of 117 million RNDRs were sold at a price of $0.25 per 1 RNDR. During the private sale period, early adopters were connected to the RNDR beta test network, where beta node operators and artists worked with the RNDR team to build and test the network prior to its public launch on April 27, 2020.
Project benefits
RNDR - an ERC-20 utility token, used by artists on the network to trade for GPU processing power from GPU vendors.
The platform has certain features that make this project stand out from others:
| 1 | RNDR uses a combined manual and automatic proof-of-work system, or in this case proof of rendering, to verify that all artwork has been successfully completed prior to payment being paid and the artwork being released. |
| 2 | Using the inherent security properties of the Ethereum blockchain, native assets are hashed upon upload and sent to nodes piecemeal for rendering. |
| 3 | All RNDR payments are held in escrow at the time of rendering and released to node operators after manual verification by the performer of successful work. |
To prevent malicious actors in both user bases, all displayed online assets will be watermarked until the payment is successfully paid. The non-watermarks can be uploaded and the entire payment is held in escrow until it will be manually verified to display correctly.
Overall, Render aims to transform the media industry by bringing affordable GPU computing power to the world. It aims to democratize advanced special effects and graphics. This will not only create a level playing field for entertainment. It will also speed up displays and avatars to change the blockchain forever.
Tokenomics
RNDR — an ERC20 utility token, used by artists on the network to exchange GPU computing power from GPU vendors (node operators). RNDR uses a combination of manual and automatic proof-of-work or in this case proof-of-render system to ensure that all artwork has been successfully rendered prior to payment being paid and artwork released.
Using the inherent security properties of the Ethereum blockchain, proprietary assets are hashed upon download and sent to nodes piecemeal for rendering. All RNDR payments are held in escrow at the time of rendering and released to node operators after manual verification of success by the customer. The best cryptocurrency exchanges to trade Render Token shares currently are:
- Binance;
- Bitget;
- Mandala Exchange;
- FTX;
- Bybit.
To prevent intruders in both user bases, all displayed online assets are watermarked until a payment is successfully paid, at which point unwatermarked images can be uploaded and all payments are held in escrow until you manually verify that they display correctly.