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All you need to know about RNDR

Anyone who isn’t a creator of 3D designs, animations, or special effects probably doesn’t spend much time thinking about how these are created. Instead, we just sit back and enjoy them whenever we come across them. The market for digital creation keeps growing, and with it, the demand for computing power can facilitate rendering.

For a deep dive into rendering delivered by an artist, head to youtube.

Rendering requires many GPU resources, and rendering complex concepts into an image might take hours or even longer. Therefore, designers who have the better tech naturally have the upper hand against up-and-coming designers who might not have access to sufficient computing power.

In 2008 Jules Urbach, Alissa Grainger, and Malcolm Taylor founded Otoy, a company specializing in GPU-based software solutions focusing on alleviating this growing disparity between rendering requirements and artists' processing power. Render Token (RDNR) is a token-based product by Otoy, as the team found that blockchain could solve many of the current challenges in making processing power more available.

Render Network

The Render network uses blockchain and the power of smart contracts to make rendering power available to anyone who needs it. Thanks to decentralized ledger technology, users of the Render Network can post rendering jobs and connect with users who have idle GPU resources to complete the job.

To post a job, users submit their job request, then the protocol automatically determines the RNDR tokens required for the job and creates a smart contract with all relevant details. The job is then going public on the network, and members with GPU can offer their computing power in return for earning RNDR.

All jobs are processed through OctaneRender, which plays a critical role in distributing a framework of existing rendering services and creating a more responsive User Experience.

Primary beneficiaries of the Render Network are any content creator, visual effect experts, 3D artists, and other occupations that rely heavily on GPU usage. On the one hand, these groups can benefit from easy access to GPU. On the other hand, they can make their own resources available while they're not in use, which reduces wastage and could lead to increased efficiency in the industry.

RNDR Token

The RNDR token is the main utility token of the Render network. Users use it to access computing power and to pay or get paid for their GPU. A small percentage fee is charged on every transaction going towards maintenance and future development of the Render network.

The ERC 20 token is issued with a maximum supply of 536 Million tokens.

Render Network is already serving leading artists and creators worldwide with their network. Backed by Otoy, a company that has grown to employ 60 professionals across 4 offices and headquartered in LA, the blockchain solution facilitates and democratizes access to rendering power.

Brendan Eich, JavaScript creator and co-founder of Mozilla and Brave believes that: “This project will revolutionize the way that 3D assets and their respective digital rights are transferred and distributed across people and entities. OTOY is transforming their state-of-the-art expertise for rendering into a decentralized network that will cater to a wider audience”.

RNDR will start trading on Bitcoin.com Exchange with BTC and USDT pairs on Wednesday, June 15th.

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