What Is Render Network and How It Rents Out GPU Power
Render Network is a peer-to-peer network that rents out idle GPU power to content creators and AI applications, where transactions are processed securely and transparently using the blockchain and smart contracts. The RNDR token is the native token of Render Network, and it is used to pay for rendering jobs on the platform
Key Takeaways
Render Network is backed by OTOY, a cloud rendering company. It pools dormant GPU power and creates a marketplace where individuals and entities ("Creators") can leverage this dormant power to process high-quality graphics, train AI models, and more.
Render Network offers Creators scalability, privacy and security, and transparency, utilizing Proof-of-Render to manage the validation process for a delivered job and the remuneration for each Node Operator.