The Render platform allows users to help monetize their idle computing power. Users who wish to generate a passive income can set up their node (computer) and lend their computing power to individuals or studios. The rendering mechanism helps artists to render their content and makes it easy for content distribution networks to seamlessly deliver content to the end users. The entire process of tokenizing computing power with RNDR – an ERC token makes it easy for both the creator and the GPU service provider to track their activity on the Ethereum blockchain.
|Launch Date||April 27, 2022.|
|Blockchain Protocol||Ethereum blockchain|
|Circulating Supply||253,798,860 RNDR|
|Consensus Method||Proof of stake|
Jules Urbach is the founder of Render token and CEO of Otoy. Urbach holds 15 years of experience in computer graphics, streaming and 3D rendering. He made his first 3D game at a tender age of 18 and licensed it to Macromedia, Disney, Warner Brothers, Nickelodeon, Microsoft, Hasbro and AT&T. Render has the most experienced advisory board including Ari Emanuel (Co-Founder and Co-CEO, WME), JJ Abrams (Chairman and CEO, Bad Robot Productions) and Brendan Eich (Founder and CEO, Brave Software and BAT)
Render token works on a simple peer to peer system. The concept used by Render is automatic proof of work in which a content creator/ owner sends over a video to the node operator (the participant who runs the video on his or her behalf) Until the rendering is successful, the content uploaded will have a watermark. Upon confirmation of the creator’s successful video rendering the tokens (payment for rendering service) will be released to the node operator for its service. Once both parties confirm that the rendering is successful, the watermark will be removed from the rendered video asset.
Distributed GPU Rendering: This is the north star of the Render platform. Node operators sign up on Render and connect their nodes to the network. Users lend their computing power and earn in RNDR tokens.
OTOY Subscription and maintenance plan: Users who wish to render their videos can purchase the subscription or maintenance plan for getting their video content rendered seamlessly.
RNDR Credits: Render allows new users to purchase RNDR credits that can be redeemed to get their videos rendered. This is especially designed for artists who are new to the crypto space.
RNP and DAO: Render network has its own DAO and users who hold RNDR tokens can propose improvement into the ecosystem by drafting Render Network Proposal.
The trading price of Render (RNDR) at the time of writing was ₹142.90. The moving average of RNDR stands at 1.747 and Relative Strength Index at 55.40 indicating a neutral price value. The SMA for the last 20 days stood at 1.7047 indicating a sell pressure since the SMA of 30 and 50 days recorded a low value which in turn created buying pressure. The overall price stability of the token has garnered investors attention.
|Render (RNDR) Price Today||₹142.90|
|Price Change <Yearly>||NA|
|Market Rank (as per CMC)||96|
|Fully Diluted Market Cap||₹76,691,286,361|
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