RNDR Network: Updates

A reflection and review of the past few months — the following summary goes over RNDR 2017 and what is planned for 2018

RNDR Team
RNDR Team
Mar 8, 2018 · 7 min read

Our background:

Our goal is to transform distributed GPU compute power into a decentralized economy of connected 3D assets where any object or environment can be authored, shared, and remixed through the blockchain.

What’s new?

There have been notable developments on both the Token Sale side as well as the development and community building side — here is a recap to get you up to date:

Phase I

As explained above, the technical backbone of ORC was already operational after the initial phase of our Token Sale, since it built on OTOY’s existing rendering technology. While the conversion of ORC into a fully decentralized Network is still an ongoing project, it was essential that buyers of Render Tokens be able to use their tokens immediately after the tokens were delivered. We made this possible by instituting a transitional procedure where Render Token holders can obtain rendering services through us, at prevailing market rates for rendering, while the conversion process to a decentralized Network continues. The bottom line is that Render Tokens already provide — and should continue to provide — access to market-rate rendering services throughout future Network development phases.

Token Sale #2 (2A)

As we stated in a prior blog post, after our initial sale of Render Tokens to the public concluded, we started a second sale phase where we sold Render Tokens directly to our early registers as well as large commercial users.

Next steps for RNDR

Nexus with our community

During the last weeks, we’ve put together a plan that will allow the RNDR Network user community to grow, scale, and get involved. Here are just some of the steps that we’re taking in order to bring more clarity to RNDR Network users and supporters of OTOY’s project to decentralize rendering services. Our general goal in this aspect is to make the RNDR Network more accessible and easier to understand for newcomers and seasoned renderers alike, including miners and general token purchasers.

  1. Staff /Team — We have been actively growing the ORC team, from our community managers to our marketing teams to our developers. From a team of just 5, we are now 12 members and growing! We are currently looking for more passionate blockchain developers to join our cause — if you are interested, please reach out via our RocketChat.

20% Airdrop for RNDR Holders

We have not forgotten about the bonus for earlier adopters! We will be deciding on a snapshot date in a separate blog post. Details on what you have to do for the airdrop will be announced at that point as well.

Next Token Sale Pool in Q2 2018 (2B)

With the successful completion of Phase I and ongoing development of Phase II, we’re ready for more people to join in and take part in the RNDR Network. We will announce the next registration phase when the new website launches. Details about whitelisting will be posted on the website, as well as the amount of tokens offered.

Phase II

After completion of Phase II, we anticipate that users will be providing and receiving services in the fully decentralized Render Token platform on the RNDR Network. Through a simple user interface, users and developers can easily employ their GPU power for rendering and streaming jobs in exchange for RNDR tokens. The beta testing during this time will take place by qualified early token purchasers. Information about the Beta sign-up will follow shortly — after this, renderers will join the beta in batches based on random selection to render for the Network and earn tokens.

In Conclusion….

Building the community in tandem with the platform and our vision is our main goal — we want to make sure everyone is part of the future that we envision. As always, we are more than happy to speak with you on any of our channels — please reach out below!

Join us in the Rendering Revolution

Stay in touch with us and learn more about Render Token:

Render Token

The distributed GPU rendering network and marketplace powered by Ethereum.

RNDR Team

Written by

RNDR Team

http://www.rendertoken.com Render Token (RNDR) - the distributed GPU rendering network and marketplace powered by Ethereum. Contact: info@rendertoken.com

Render Token

The distributed GPU rendering network and marketplace powered by Ethereum.