Overview
Render is a decentralized network designed to facilitate on-demand GPU rendering. It leverages the power of OTOY’s OctaneRender to produce cinema-quality renders in a fraction of the time compared to traditional studio and artist timelines. The network utilizes the RNDR token, an ERC-20 compatible utility token, as its primary medium of exchange.
Tokenomics
RNDR Token
The RNDR token is an ERC-20 compatible utility token used to pay for animation, motion graphics, and VFX rendering on the Render Network. The network is capable of producing high-quality renders quickly, thanks to OTOY’s OctaneRender. Users can register their workstations on the network to earn RNDR tokens for completing jobs. The rendering work is distributed across multiple computers running a client application, similar to Folding at Home and SETI. This process is currently exclusive to Nvidia GPUs.
Token Allocation
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Public Sale (October 2017): The public sale price was set at 1 RNDR = $0.25 USD equivalent of token. There was a 20% Genesis Bonus and no vesting.
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Private Sale (January 2018 – May 2018): The private sale price was also set at 1 RNDR = $0.25 USD equivalent of token. Bonuses ranged from 2.5% to 30%, with no vesting.
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Token Migration: The migration updated the ERC-20 tokens to include additional escrow smart-contract functionality. The total minted tokens in the RNDR ecosystem are 536,870,912 RNDR. The migration ratio is 1 RNDR old to 1 RNDR new.
Network Features
RNDR Credits
RNDR Credits offer an alternative payment option for those unfamiliar with cryptocurrency. They can be purchased using PayPal and Stripe directly through the Render Network Portal. When a user buys RNDR Credits, they are backed by RNDR Tokens purchased by the Render Network Team from exchanges. This ensures that when a creator pays using RNDR Credits, node operators receive RNDR Tokens for their work.
Partnerships and Collaborations
Render has garnered attention from significant entities in the crypto space. Coinbase, a leading cryptocurrency exchange, has explored the possibility of adding RNDR to its list of supported assets. The network also introduced RNDR Credits, a user-friendly way to purchase rendering power using traditional payment methods like PayPal and Stripe.
Vision and Mission
Render aims to revolutionize the way 3D assets and their respective digital rights are transferred and distributed. The vision is to transform distributed GPU compute power into a decentralized economy of connected 3D assets. This would allow any object or environment to be authored, shared, remixed, and monetized through the blockchain. The ultimate goal is to provide rights protection, monetization, and power back to individual creators.
Background and Development
Since its launch in 2017, RNDR has grown alongside a community of GPU hardware enthusiasts, computer graphics experts, and OctaneRender artists. The project has scaled from its Closed Beta phase to being recognized by major platforms like Coinbase. The RNDR team continually explores ways to create a sustainable ecosystem for its users, including collaborations with partners that align with RNDR’s mission.
Future Prospects
Render is continually evolving, with plans to expand rendering to AMD graphics cards and add Autodesk‘s Arnold Renderer to the network. The team is also exploring partnerships and collaborations to enhance the network’s capabilities and reach.
