Render Token (RNDR) is a peer-to-peer network that aims to transform the power of GPUs into a decentralized economy of interconnected 3D assets. It was created to address the rapidly growing demand for increased scalability and efficiency for holographic media production. RNDR is an ERC-20 token that is used on the network for payments for animation, motion graphics, as well as VFX rendering.
The platform functions by allowing those with excess GPU compute power to offer their rendering power to those seeking to render digital artwork or other digital creations. In return for providing GPU power, RNDR tokens are given as payment. In this manner, the platform allows developers to capitalize on their idle GPUs and earn tokens via performing renders. The project hopes to substantially increase the scale and availability of GPUs for artists, designers, and researchers by capitalizing on dormant GPUs which are one of the most efficient pieces of hardware for rendering.
Render Token was first conceived in 2009 by OTOY and the project launched in 2017. Render Token has since completed successful public and private sales throughout 2017-18 and its public launch took place in April of 2020.
In the future, Render Token seeks to allow any 3D object or environment to be authored, shared, and monetized through blockchain protocols. It hopes to solve the issue of CGI-intensive media requiring stronger GPU infrastructure than what is currently available. This includes the increasing rendering demands such as frame rate, photorealism, and resolution needed for more complex projects. Render Token also hopes to address the problem of public GPU Clouding rendering solutions being expensive and difficult to access for artists, and its inability to scale to holographic resolutions.
The RNDR token is powered by the platform’s cloud rendering technology. It leverages idle GPU devices with the hopes of creating a distributed and decentralized global network. RNDR is a utility token and can be used for payments on the platform.
What are Render Token’s key features and how does it work?
Render uses a unique Proof-of-Render mechanism in order to verify transactions. Proof-of-Render is a combination of manual and automatic Proof-of-Work. This process involves verifying the given artwork is rendered appropriately before releasing the agreed funds for the rendering and the rendered artwork.
Whilst the artwork is being rendered, the RNDR funds are kept in escrow until the artist who has commissioned the rendering has manually verified the successful completion of the render. Node operators then receive and can distribute the payment once manual verification is received. As a deterrent to malicious behavior, networks assets are watermarked during the entire process up until payment is sent and the rendering is verified.
Owners who are looking to connect GPUs to Render Network can link their devices to the network and become a Node Operator. Upon becoming a Node Operator, users can accept rendering jobs from Creators and receive payment in the form of RNDR Tokens. Creators are anyone who requires rendering. They send their files to the network and are assigned a Node Operator for their task.
Where can you buy RNDR?
RNDR is available to buy from the CEXs and DEXs as listed here. Some of the popular options include Binance, KuCoin and Gate.io. The price of RNDR varies depending on the exchange and current interest. For detailed RDNR price data please refer to the price charts on this page.