Render Token (RNDR) is a decentralized network designed to connect artists and creators in need of GPU (Graphics Processing Unit) computing power with GPU owners, facilitating a marketplace for rendering services powered by blockchain technology.
Launched in 2017 by OTOY, a leading cloud graphics company, the RNDR network aims to democratize and revolutionize the process of digital rendering.
The RNDR token serves as the native cryptocurrency of the network, used as a means of exchange for rendering services. Creators can access scalable rendering power on demand, and GPU owners can maximize the utility of their hardware. Creators pay for rendering services using RNDR tokens, and Node Operators earn RNDR tokens in return, creating a decentralized marketplace for GPU-based rendering tasks.
The RNDR network addresses the challenges of rendering, a computationally intensive process, by allowing creators to outsource rendering tasks to a distributed network of GPU providers, reducing rendering times and costs while also providing GPU owners with a new avenue for earning revenue from their hardware.
Render utilizes a unique Proof-of-Render (PoR) governance system, where Node Operators use their computational power not for solving mathematical puzzles as in Proof-of-Work (PoW) systems, but for performing complex VFX/3D rendering services.
The network incorporates several mechanisms to ensure that rendered outputs meet the required quality standards and that intellectual property rights are protected. This includes encryption of content during transmission and rendering, as well as a reputation system for GPU providers, ensuring that only reliable and high-quality computing resources participate in the network.
The project’s vision extends to powering the next generation of media and entertainment experiences, including augmented reality (AR), virtual reality (VR), and the metaverse, where high-quality digital content creation will be increasingly in demand.
