Introduction of RNDR

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Render Token works as a network that connects users who want to perform their work on idle GPU calculations to speed up the rendering process and make it more efficient. It uses this distributed system to track and manage the service provider in a way that can grow. Users who want to use Render Network Compute must first submit a service requesting access. The protocol determines the amount of RNDR tokens required for the service that creates a smart contract with the necessary details. It is sent to the network where members with GPUs pay for providing their computing power for the task.

Content creators, visual effects specialists, 3D artists, and other GPU-intensive jobs are the main user base to benefit from the Render Token platform. The ultimate goal is to democratize the GPU cloud, while letting others access the power of idle GPU installations.

Who created the Render Token?

Render Token is a token-based product of OTOY, a company specializing in GPU-based software solutions. OTOY was launched in 2009 as a solution to the growing discrepancy between 3D renderers and the processing power of current CPU/GPU technologies, and Render Token is its latest solution.

Jules Urbach is the founder of OTOY. With more than 25 years of experience in the computer graphics, rendering and 3D rendering industry, he has been able to create innovative ideas to help revolutionize 3D rendering, acting as a key architect of technical trends. .

The RNDR project is supported by a team of blockchain developers and advisors, ranging from film and television experts to experienced crypto entrepreneurs.

WHAT MAKES RENDER (RNDR) UNIQUE USE CASES?

Distributed GPU Rendering: This is the mountain star of Render platforms. Collaborators register with Render and connect their nodes to the network. Users lend their computer power and get RNDR tokens. Subscription plan in OTOY: Users who want to create their own videos can buy a subscription or maintenance plan to access their video content without any problems.

RNDR Credits: The grant allows new users to purchase RNDR credits that can be redeemed to share their videos. This is designed for artists who are new to the crypto space.

RNP and DAO: An access network with its own DAO and users holding RNDR tokens can provide improvements to the environment by mapping network features.

How to use Render Network?

GPU projects can be uploaded to the Render Network, which acts as an independent marketplace for content creators and GPU processors. To achieve this goal, the following steps are required:

Rendering Services – Developers should use OctaneRender or other compatible plugins/inputs to render their work in the ORBX format and maintain important features including visual attributes, export >

Job uploads – Render’s encryption system can detect and deny suspected attacks after jobs are published through Render’s OctaneRender platform. This allows the creator’s assets to be split into separate files that can be coded. It is transmitted in a smart contract, which broadcasts the appropriate information to all parties.

Role Assignment – Render’s MTP automatically assigns Node users to relevant roles based on reputation levels and vendor requirements. Once a new service provider joins the network, Render automatically evaluates its performance and uses this knowledge to assign it to nodes in the cluster.
Work Completion – Computational work provides PoR services since they use OctaneRender to complete any work assigned to them. Using OctaneRender, control node entries are associated with their specific OctaneRender IDs, which are used for assignment and markup.

Confirmation of delivery – The service providers can be verified directly by their developers, who can report any story before the work is done. When work is approved and paid for, these samples are copyrighted. On the other hand, the output of service providers is protected by encryption.

Payment Payment – The tokens issued to the service providers for payment of the service are kept for the whole period of the work and are given only when the manufacturer physically proves that their work is complete. enough. It takes a small amount of RNDR to run a network service, ranging from 0.5-5% depending on the current supply and demand level of GPUs for a given workload. OctaneRender allows users to save or share their rendered assets.

What is the future of RNDR?

Image manipulation is important for many actors, from professional filmmakers to students and businesses. For this reason, there will be a market for those who want images quickly and cheaply. In addition, the level of security and continuity that is provided by running Render on the Ethereum blockchain should be encouraging for those who invest in security technology. RNDR has competition, however. Golem Project (GNT),

for example, is another blockchain project that offers translation services, although it focuses on CPU computing power rather than GPU.

Evidence of strong support from investment firms and businesses. all agree that the rise of the metaverse will create a huge demand for Render services. As mentioned, Render could raise more than $30 million for its network growth by the end of 2021. Given this, the RNDR price forecast may be optimistic about the next bull market.

Benefits of the Render Token

Ways to save time and money

Anyone can use tokens to share their unused GPU power. The conversion process overcomes the technical challenges of networked computer systems.

In addition, the system connects those with idle GPUs to users who want to do rendering work. This system saves users time and money because there is no need to buy expensive computers to perform these tasks in-house.

Digital Rights Management (DRM)

Another main goal of the Render token development team is to build a digital trading system. There is currently no universal and accessible repository for content creators. Current market options are intermediate.

Unfortunately, this leaves creators at the heart of a centralized system that can review or delete their information at any time. The show takes advantage of the immutability of blockchain technology to ensure that the rights of creators are protected. Also, this method can be analyzed when these efforts are used.

As a result, artists and content creators can control how their work is used. In addition, they can configure the network to process royalty payments, which is awesome. What else? These systems can provide developers with greater opportunities for return on investment.