Render price, charts, marketcap and other stats

Render
RENDER
$ 3.26
0.00002683 BTC
Marketcap
$ 1,690,484,950
Volume (24h)
$ 83,700,036
Circulating Supply
518,584,616 RENDER
Total Supply
644,168,762 RENDER

What is Render?

Render Network is a decentralized platform designed to connect creators and studios with GPU computing power, providing an affordable, efficient solution for rendering graphics-intensive tasks like 3D modeling and animation. This network operates on a blockchain, where GPU owners can rent out their processing power in exchange for tokens. This model creates an ecosystem where artists, designers, and developers can access high-performance GPU power at a fraction of traditional rendering costs.



How Does Render Network Work?


The platform functions as a decentralized marketplace for GPU rendering power, leveraging blockchain technology to distribute workloads and payments. Through smart contracts, Render connects users needing computing power with those offering their idle GPUs. When an artist initiates a render job, the network automatically assigns the task to available nodes, which perform the rendering. This peer-to-peer system helps reduce costs, enhances efficiency, and decentralizes the rendering process.



Founder and History


The Render Network was founded by Jules Urbach in 2017, a visionary in computer graphics who aimed to address the high costs and limited availability of GPU rendering power. Since its inception, Render has gained recognition for its innovative approach, attracting funding and support from significant industry players. In 2020, the network launched its original token, RNDR, expanding its reach and making high-performance GPU rendering accessible to a broader user base.


In 2024, the RNDR token was renamed and migrated to RENDER. This change aimed to enhance the performance and scalability of the Render Network. During the migration, RNDR tokens were converted to RENDER tokens at a 1:1 ratio. Major exchanges such as Binance, Kraken, and Bybit supported the migration, allowing users to trade and withdraw the new token seamlessly.



Token Utility and Use Cases


The native token serves multiple roles within this ecosystem:




  • Transaction Fees: The token is used to pay for rendering services, creating a direct connection between demand for rendering and the token’s value.

  • Incentivizing GPU Providers: Owners of GPUs receive tokens as compensation, encouraging them to offer their resources on the network.

  • Governance: Token holders can participate in governance, voting on network upgrades and feature additions, shaping the future direction of the platform.


These use cases make the token a vital utility that facilitates network operations and provides economic incentives for participation.



Decentralized GPU Rendering Explained


The platform operates as a decentralized infrastructure for rendering tasks. In traditional setups, companies rely on centralized servers, leading to high costs and limited flexibility. Render changes this by distributing workloads across a network of decentralized nodes powered by individual GPUs, making rendering jobs efficient and affordable.



Token and Distributed Computing Power


The native token enables distributed computing power within the platform. Through blockchain-based transactions, users can pay for resources securely. The use of a blockchain ledger allows the network to maintain transparency and track usage accurately, ensuring that GPU providers are fairly compensated and users benefit from more affordable solutions.



Comparison with Traditional Rendering Services


This network offers distinct advantages over traditional services:




  1. Cost Efficiency: By utilizing idle GPUs across a distributed network, Render reduces the high costs associated with centralized services.

  2. Scalability: The decentralized model allows it to scale easily as more GPUs join, avoiding bottlenecks common in centralized systems.

  3. Security and Privacy: Blockchain technology ensures secure transactions and transparent data management, offering enhanced privacy.

  4. Accessibility: Smaller studios and individual artists can access powerful rendering resources, democratizing high-quality rendering.


These factors make it a compelling alternative for users seeking affordable and flexible solutions.



How to Buy and Store Tokens


To acquire tokens, users can purchase them on exchanges where they’re listed. Most platforms offer trading pairs with major cryptocurrencies. Users can store their tokens securely on compatible wallets, including:




  • Hardware Wallets: Devices like Ledger or Trezor for offline security.

  • Software Wallets: Wallets such as MetaMask for easy management.

  • Exchange Wallets: Convenient but less secure than hardware or software wallets.


Choosing a secure storage method ensures token safety from potential cyber threats.



Applications in Graphics, Gaming, and Media


The network is impactful in industries where high-quality rendering is essential:




  • Graphics and Animation: Allows designers to access powerful GPUs for rendering detailed visuals, saving time and costs.

  • Gaming: Game developers can create high-quality visuals and simulations without investing in expensive GPU clusters.

  • Media Production: Used for post-production effects in film and video production, offering an efficient alternative to traditional farms.


This range of applications showcases its flexibility and value across various creative industries.



Partnerships and Integrations


Render has formed strategic partnerships and integrations to expand its reach. Collaborations with leaders in graphics and gaming, such as Unity and Blender, help the platform offer integrated solutions for creative professionals. These partnerships enhance capabilities, making it a valuable tool across multiple platforms.



For 3D Artists and Developers


For 3D artists and developers, this platform provides a unique solution to access GPU rendering power:




  • Affordability: The decentralized structure makes GPU power accessible to independent creators.

  • On-Demand Availability: Enables artists to access resources as needed, eliminating the need for long-term hardware investments.

  • Enhanced Workflow: By reducing rendering times and costs, it allows artists to focus on creativity without technical limitations.


Security and Reliability


The network ensures security and reliability through several measures:




  • Blockchain Transparency: The use of blockchain provides a transparent ledger, making transactions traceable and secure.

  • Data Privacy: Employs encryption to protect user data and job details.

  • Reputation System: Utilizes a reputation system for GPU providers, rewarding trustworthy nodes.


These features make it a dependable platform for users prioritizing security and reliability in rendering tasks.



Staking and Earning Rewards


The network allows users to earn rewards through staking:




  • Staking: Users can lock up tokens to support stability, earning rewards based on their stake.

  • Node Incentives: GPU providers receive higher rewards for reliable nodes, enhancing performance.

  • Community Rewards: Periodic rewards incentivize long-term engagement and commitment.


Staking offers a way to contribute to network security while earning passive income.

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