A Beginner’s Guide to Render Token (RNDR)

Video editors and game designers often have to wait for hours to render a project. Some of them can’t even pursue their career in this industry due to the lack of computational resources. Some companies provide cloud solutions to simplify the process for creators. But the users have to rely on a third party when using these services.

Thus, they always have a risk of losing their valuable data. Therefore, movie producers and other such businesses avoid using these services. The blockchain industry is now providing decentralized solutions for video editors, game designers, and other creators. Render Network is one of the leading projects in this category that can offer the required services.

What is Render Network (RNDR)?

Render Network is an Ethereum-based blockchain network dedicated to providing distributed GPU rendering power. The protocol offers a huge network of nodes that provide the required computational power for creators to perform complex rendering tasks in a secure and efficient manner.

The node operators can contribute to speeding up the rendering process by providing additional computing power. The platform is aimed at revolutionizing the 3D rendering industry by establishing a secure bridge between creators and Render Nodes. Anyone can share their computing power using the software no matter whether they’re using Windows or macOS.

The platform offers several pricing tiers based on the requirements of the creators. The pricing of the nodes is determined based on reputation, speed, and security.

The platform rewards the node operators for their contribution. Thus, it encourages more users to provide computing resources. It will eventually help with building a platform that can help with producing high-quality visuals within a short span of time.

The 3D creators can also raise funds for their ideas by displaying them on the platform. It provides an opportunity for investors to join the project in its early stages.

What is the Use of GPU Rendering Power?

The growing VR and AR industries possess a dire need for a platform that can render digital assets quickly and securely. Similarly, the metaverse is also a thriving industry that may require a huge amount of computing resources for creators and artists.

Fortunately, Render Network can solve this problem by allowing users to render Videos, NFTs, 3D animations, High-resolution images, and more. The developers may face problems with offering high-quality real-time results to the users if they don’t have enough rendering power.

GPU power is mostly considered a waste of resources because companies only use it for limited projects. And the rest of the time the GPUs remain idle. With Render, the companies no longer need to deploy an in-house solution as they can easily access the readily available processing power. They can also offer their idle GPU power on rent to earn money.

What Problems Does Render Network Solve?

Render Network uses OctaneRender software to connect the GPU providers to the users who want to perform rendering jobs. The creators send a request to the GPU provider along with the RNDR tokens. The GPU providers can accept or reject the requests based on their preferences.

Render Network has the goal of providing a powerful, highly efficient, and scalable rendering network.

Network Scalability

Render network waives the limitations of traditional render technology. The platform has introduced a decentralized system for tracking and managing rendering jobs globally.

A Better Use of GPU Power

The traditional blockchain networks use GPU power for the ‘proof-of-work’ consensus mechanism. In this system, the GPU is used to solve complex puzzles to secure their respective crypto networks. This kind of protocol wastes the GPU power instead of making it useful.

Render Network is dedicated to extracting the true potential of GPUs so that creators can bring more creative visions to life without worrying about any limitations.

The Sleeping GPU Network

Most users have deployed high-power GPUs to complete their rendering jobs. But their systems remain idle when they aren’t performing any rendering tasks. Render Network enables users to make this sleeping power profitable. Even regular PC and smartphone users can also provide rendering power to the platform.

Complete Control of Work

As it’s discussed earlier that some traditional tech companies provide rendering power for the creators but they don’t provide them with complete control of their work. Render Network, on the other hand, provides artists with complete control of their work so they can continue generating more creative projects without worrying about data theft.

Some of the Leading RNDR Projects

Octane X

Render Network provides access to a wide range of tools including Adobe After Effects, Daz 3D, Unity Engine, and a lot more. The platform also offers a separate ecosystem for users who want to process small-scale rendering projects. Apple users can also share their graphic card’s power output using Octane X.

Furthermore, it provides virtual support for all newer computers that use AMD and NVIDIA graphics cards.

NFT Revolution

Render network supports the minting and tokenization of NFTs. Therefore, the creators have completed millions of NFT-related jobs using this platform. The platform has collaborated with renowned artists including Alex Ross, Gene Roddenberry, and Beeple. The platform is also working on introducing the holographic NFT network.

RNDR Tokenomics

RNDR is the native token of Render Network that creators can use to purchase computing power from node operators. The platform also offers RNDR tokens as a reward to the node operators. With a circulating supply of 361.4 million tokens, RNDR has a market cap of $488 million.

It has a total supply of 536.87 million tokens that will be released through the rewarding process over time. RNDR ranks among the 100 best cryptocurrencies in terms of market cap.

Conclusion

Render Network is one of the leading blockchain platforms that provide rendering power for artists and creators. It connects the creators to the render nodes so they may work on new projects even if they don’t have enough sources. The users only need to pay a small fee for using the computing power.

If you need more information about how Render Network works, feel free to get in touch with us. Also, don’t forget to subscribe to our weekly newsletter if you need regular updates about Bitcoin and the crypto market.