Render Token (RNDR) is the native cryptocurrency of Render Network, a decentralized platform that connects artists and developers who require rendering services with providers who have unused graphical processing (GPU) capacity.
This network allows users to rent the power of their GPUs to process rendering tasks, receiving RNDR tokens as compensation in return.
Main features:
Decentralization: Render Network operates without a central authority, facilitating direct connection between those who need rendering services and those who offer processing capacity.
Efficiency and scalability: By leveraging unused GPU resources globally, the platform offers faster and more cost-effective rendering services compared to traditional solutions.
Security and transparency: Utilizes blockchain technology to ensure secure and transparent transactions, ensuring the integrity of the rendering processes.
Utilities:
3D graphics rendering: Provides an efficient solution for artists and developers who need to render complex graphics, such as in movies, video games, and virtual reality.
Resource monetization: Allows GPU owners to monetize their unused processing capacity, generating passive income by contributing to the network.
Democratized access: Facilitates access to high-quality rendering services without the need to invest in expensive equipment, benefiting independent creators and small businesses.
Whitepaper:
The Render Token whitepaper is available on its official website.
Annual price evolution of Render Token (RNDR):
This is a list with the approximate price of RNDR at the end of each year since its launch:
2017: $0.25
2018: $0.15
2019: $0.05
2020: $0.10
2021: $2.50
2022: $0.45
2023: $1.20
2024: $7.64 (as of November 21)
* Basically allows you to rent computational capacity from your computer *