RENDER Token RENDER Token

$1.55 -5.28% RENDER
Volume (24h)
$2,406,403
24h High
$1.56
24h Low
$1.46
Circulating Market Cap
$707,085,710
Total Market Cap
$721,601,518
Bid / Ask
$1.47 / $1.47
24h Trades
18,834

What is Render Network?

The Render Network is a decentralised blockchain-based platform designed to provide distributed GPU rendering solutions. It enables creators, such as artists and developers, to connect with node operators who have idle GPU resources. Through this system, the network facilitates computationally intensive tasks like rendering 3D content, virtual production, product design, and AI-driven workloads. The Render Network leverages blockchain technology to ensure efficient, scalable, and cost-effective rendering processes, offering creators access to virtually unlimited computational power while allowing GPU owners to monetise unused capacity.

The network operates through a decentralised, peer-to-peer system, with all interactions recorded on-chain for transparency and traceability. By integrating tools like the ORBX file format and enabling multi-tiered pricing, the platform optimises rendering jobs based on factors such as speed, cost, and quality.

What is RENDER (RENDER) used for?

RENDER, previously known as RNDR, is the native cryptocurrency of the Render Network and serves multiple purposes:

  • Transaction Payments: RENDER is used to pay for rendering tasks and computational services on the network.
  • Node Rewards: Node operators who contribute GPU resources to complete rendering tasks receive RENDER tokens as compensation.
  • Staking: RENDER can be staked to secure the network and participate in governance.
  • Governance: Token holders can vote on Render Network Proposals (RNPs), which determine upgrades, policies, and other changes to the protocol.
  • Ecosystem Development: RENDER tokens support the network’s growth by funding grants and incentivising community-driven initiatives.

Who created Render Network?

The Render Network was developed by the Render Foundation, a not-for-profit organisation responsible for maintaining the protocol and supporting its community. Key team members include:

  • Tristan Relly (Head of Operations)
  • Andrew Hyde (Head of Communications)
  • Trevor Harries-Jones (Foundation’s Board of Directors)
  • Sunny Osahn (Social Engagement Lead)
  • Nikola Verba, Zack In, and Alex Nullius (Development).

The foundation oversees the governance process, facilitates strategic decisions, and drives the Render Network’s evolution through its Render Network Proposal (RNP) system.

AI Integration in Render Network

The Render Network is optimised for AI and GPU-intensive tasks, supporting the growing demand for AI-driven content creation and computation. Key features include:

  • AI-Assisted Rendering: The network enables the use of AI tools for rendering optimisation, such as denoising and AI-driven asset generation.
  • Generative AI Workflows: Artists and developers can integrate generative AI tools to create textures, models, and dynamic content for ultra-high-resolution 3D environments.
  • On-Chain Traceability: All work processed on the network includes hashed metadata, allowing AI training and inferencing with transparent provenance and licensing.
  • Distributed GPU Training: The network supports distributed AI training tasks, leveraging idle GPUs for cost-effective machine learning model development.

Migration from RNDR to Render

In April 2023, the Render community voted to migrate the protocol from the Ethereum blockchain to the Solana blockchain, aiming to enhance network efficiency and scalability. This transition involved moving the RNDR tokens to the new Solana-based RENDER tokens through a cross-chain bridge. The migration is part of a broader strategy to implement the Burn-Mint Equilibrium model, which adjusts the supply of tokens based on network demand and activity. This upgrade is expected to improve the performance and usability of the Render Network.