What is RNDR?

RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.

How does RNDR work

RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers (node operators). RNDR utilizes a combination manual and automatic proof of work system, or in this case proof of render, in order to verify all art has been successfully rendered prior to payment disbursal and art release. Utilizing the inherent security properties of the Ethereum blockchain, proprietary assets are hashed upon upload and sent to nodes piecemeal for rendering. All RNDR payments are stored in escrow during rendering, and are released to node operators upon manual verification by the commissioning artist of successful work. To prevent malicious actors in both user bases, all assets rendered on the network are watermarked until payment is successfully disbursed, upon which time un-watermarked renderings may be downloaded, and all payment is held in escrow until manually verified as being correctly rendered.

About RNDR

Backed by parent company OTOY, the RNDR team is based out of Los Angeles, with team members throughout the world. The RNDR advisory board boasts industry leaders such as Ari Emanuel (Co-Founder and Co-CEO, WME), JJ Abrams (Chairman and CEO, Bad Robot Productions) and Brendan Eich (Founder and CEO, Brave Software and BAT), who have all advised RNDR in various capacities in bridging the gap between creating a system that appeals to both cryptocurrency communities and Hollywood studio production pipelines.

What tools does Nimbus offer for effortlessly monitoring Render?

Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor Render effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to Render. Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking Render prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.

How does Nimbus enable tracking Render prices with profit and loss?

Nimbus facilitates the tracking of Render prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.

How does Nimbus analyze Render, and what insights does it provide?

Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting Render . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their Render. Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.

Trending News

Le cours du bitcoin frôle les 68 000 dollars, le marché des cryptomonnaies se défaisant de l'IPP américain logo

Le cours du bitcoin frôle les 68 000 dollars, le marché des cryptomonnaies se défaisant de l'IPP américain

Bitcoin et les altcoins restent indifférents au ralentissement significatif de l'inflation indiqué par les dernières données macroéconomiques des États-Unis.

Cointelegraph France

Jun 14, 2024

Solana Struggles Below $160, Analysts Believe AI Meme Coin Raboo Will Outperform Kaspa Post Launch logo

Solana Struggles Below $160, Analysts Believe AI Meme Coin Raboo Will Outperform Kaspa Post Launch

The post Solana Struggles Below $160, Analysts Believe AI Meme Coin Raboo Will Outperform Kaspa Post Launch appeared first on Coinpedia Fintech News

Coinpedia

Jun 14, 2024

Global Launch of Lumoz zkVerifier Node Sale: Secure Your Spot in the Next Big Blockchain Opportunity logo

Global Launch of Lumoz zkVerifier Node Sale: Secure Your Spot in the Next Big Blockchain Opportunity

Lumoz announces the global launch of its zkVerifier Node Sales event, introducing a fresh opportunity for crypto enthusiasts. Participants can register for the whitelist or secure lower prices through a presale invite code with a 20% deposit. Successful buyers will gain access to 40 million Lumoz points and various token incentives post-mainnet launch. Catch up […]

CoinOtag EN

Jun 14, 2024

RNDR Market Statistics

  • Price USD

    $8.40
  • Market Cap

    $3,263,058,861.33
  • Total Volume USD

    $185,308,938.22
  • Total Supply

    532,073,612.75 RNDR
  • Circulating Supply

    388,646,672.47 RNDR
  • Fully Diluted Market Cap

    $4,467,264,587.45
  • Socials

  • Official links

Join us to Maximize your Returns & Minimize your Risk

Gain access to all exclusive data, insight that can make your investment more joy