What is Render Network (RNDR)? Everything You Need to Know

What is Render Network?

Render Network is the first-of-its-kind decentralized and peer-to-peer network that breaks all the limits to access GPU computational resources. With its large amount of computational power, the Render network processes high-definition (HD) 3D motion graphics within no time while ensuring the security. Its services range from basic rendering of 3D visual effects to artificial intelligence.

The Render Network was established in 2017 and has been doing a remarkable job in processing 3D content creation. It particularly focuses on empowering artists and helping them with the required high-performance GPU power in processing their visual content.

How Does the Render Network Work?

The project is built on the Ethereum network so that it can leverage the capabilities and security of the network. Another important part of the Render network is OctaneRender, which is a rendering application developed by OTOY software company. This is how the Render network is able to operate at the synergy of blockchain and the processing of 3D content creation.

While the project relies on the Ethereum network for data verification, payment process, and storage, OctaneRender combined with other streaming frameworks helps in processing 3D rendering work.

The peer-to-peer network of Render allows users to contribute their unused GPU power from their devices. In exchange, contributors receive the native RNDR utility tokens as a reward. Since the peer-to-peer network connects end users, they can utilize this computational power at low cost without compromising security. This is a win-win situation for both contributors and end users at the same time.

This is how the Render network offers an efficient place to process or render virtual 3D environments that are used in animation, online gaming, metaverse, etc.

RNDR: The Native Utility Token

As we mentioned before, RNDR is the native utility token of the Render Network. It is called a utility token because it plays an important role when it comes to the payments on the network. The maximum supply of these tokens is capped at 536,870,912.

Since the Render network works based on the Ethereum blockchain, RNDR complies with the ERC-20 token standard. However, it was migrated to a new contract in 2018 to decrease the token supply at a 4:1 ratio. This has also introduced an additional smart contract functionality.

Additionally, the project recently introduced RNDR credits which are backed by RNDR tokens to make the process of joining the Render network simple. Interested users can purchase RNDR credits on PayPal, Stripe, or directly through the rndr.x.io Render Network Portal.

Use Cases of the Render Network

The functionalities and capabilities of the Render network are useful for a wide range of end users, from artists to engineers. Its GPU computational power offerings can be used for both scientific developments and for creative content purposes.

Visual Effects

Individual artists and studios can process large-scale 3D visual effects at lower costs with the help of Render network. The rendering process of real-time motion graphics demands huge computational power which is costly.

But, the Render network makes it possible to gain unlimited GPU processing power at relatively low prices and helps produce high-resolution virtual camera shots, movements, pans, and other effects.

Virtual Assets

3D artists can create different kinds of virtual assets, from non-fungible tokens (NFTs) to virtual weapons for online games with the help of Render network. The high-definition quality offered by the network is of utmost importance in today’s digital world.

Virtual Production

Apart from motion graphics and virtual asset design and creation, the Render network also helps movie makers in delivering high quality pictures. The creation of large-scale 3D environments in movies combined with the live action of actors is made possible with the Render network.

Additional Applications

Additionally, the Render network also has multiple use cases in fields like projection mapping, product design, architecture, simulation, and visualization. It not only enables 16K+ resolution 3D graphics for concert projections but also helps in prototyping product designs.

The Render network holds immense capability to find applications in visualizing the complex content and simulating research work in physics and mathematics fields.