What is Render Network (RNDR) ?

Render Network is a decentralized GPU computing platform. It builds a scalable P2P GPU cloud computing network to solve the low efficiency of GPU utilization. Users can earn RNDR tokens by rendering, or become providers to rent out their idle GPU resources. The platform runs on blockchain technology. Its smart contracts solve the problem of executing complex transactions. The system's transparency and copyright management also help establish fair and benign network operation. Render Network strives to meet high computing demands such as effects, application development, and assistance in expanding creative content. Render Network bridges users and the market to achieve more efficient resource utilization through a decentralized economy, truly realizing a sharing economy.

History of Render Network (RNDR)

Who Created RENDER

Render Network was co-founded in 2017 by Jules Urbach, Malcolm M. Meeks, and Matthew Kane Moorhead.

Jules Urbach is the CEO of Render Network. He is also the founder of Otoy company and RNDR Labs, focusing on research in cloud rendering and computer graphics.

Malcolm M. Meeks is the CTO of Render Network. He is a pioneer and expert in high performance computing and interactive graphics.

Matthew Kane Moorhead is the Chief Architect of Render Network. He is a top-ranking expert in emerging technology areas such as AI and blockchain.

Together they saw the great opportunity to build a distributed, trustworthy and secure GPU cloud rendering network using blockchain technology. With their technical vision and industry reputation, they attracted many partners to participate and jointly created the decentralized computing platform Render Network.

History

• 2017: Render Network was launched on Ethereum, becoming a pioneer in decentralized GPU rendering networks.
• April 2023: The Render community overwhelmingly supported the migration of the protocol to the Solana blockchain, with proposal RNP-002 receiving support from 5.9 million RNDR tokens, laying the groundwork for future growth.
• November 3, 2023: Render Network successfully completed its upgrade from Ethereum to Solana. This milestone event sparked a market reaction to the price of the RNDR token, which saw an 8% drop in price.

How Does Render Network (RNDR) Work?

The Render Network (RNDR) is a decentralized GPU rendering network that connects node operators with idle GPU computing power and developers and enterprises that need to train, deploy, and monetize large language models (LLMs) and other generative AI applications through blockchain technology . Users can use idle GPU resources for 3D rendering tasks through the RNDR platform, thereby earning RNDR tokens in return. The platform provides a scalable peer-to-peer GPU cloud computing network over a distributed network, reducing GPU waste and providing cost-effective rendering capabilities to creators .

RNDR's operating mechanism is based on smart contracts, through which complex transaction execution is managed, ensuring transparency, digital rights management, and seamless execution. Node operators score based on their success rate and past performance, with node operators with high scores distributing work faster than node operators with low scores, incentivizing them to maintain a high success rate. In addition, node operators should connect their nodes to the network while committing the majority of GPU, RAM, and CPU resources to avoid task failures and reputational damage.

RNDR also provides digital creators with a variety of application scenarios, including visual effects, animation, virtual assets, and NFTs, providing them with a platform for rendering services and application development. In the future, RNDR plans to enhance its capacity, complete the RNDR SDK, provide Arnold support, and validate some non-RNDR applications. In addition, RNDR plans to integrate with projects such as SiaCoin, Basic Attention Token, and Decentraland.

Tokenomics

What is RENDER(RNDR) used for:

• RNDR token serves as the native token of the Render Network platform, which is used to incentivize and reward users for participating in various activities of the network, such as providing computing resources, participation.
• RNDR token is used to pay for transaction fees on the network, including GAS fees for processing and verifying transactions.
• RNDR token plays the role of platform governance, where holders can participate in voting and decision-making, influencing the development direction of the platform and formulating policies.
• RNDR token can be used as a crypto asset for trading and investment, and its price is affected by market supply and demand and investor sentiment.

Through these features, the RNDR token coin plays an important role in the Render Network ecosystem, providing users with multiple benefits and opportunities to participate.

Token Distribution

The total supply of RENDER tokens is 5.36 billion

• 25% sold
• 10% RNDR Reserve ("RR")
• 65% colocation (for supply/demand reshoring back to the network)