Render Token RNDR Review – Distributed GPU Blockchain Billing Network?
fRender offers distributed GPU rendering on the blockchain, powered by a digital token called RNDR. Find out how this platform works today in our review.
What Is Render?
Render aims to be the first network that transports the power of GPU processing into a decentralized economy of connected 3D assets.
The goal of the network is to allow any 3D object or environment to be authored, shared, and monetized through the Ethereum blockchain.
The ecosystem revolves around the Render Token (RNDR), which is powered by cloud rendering technology. The end result is a global network of millions of peer GPU devices and “the future of rendering.”
In layman’s terms, rendering multimedia data takes a lot of processing power and a lot of time. Render aims to solve that problem by allowing users to access a global network of rendering power.
Render was created by OTOY Inc., a world leader in cloud-based graphics rendering. The company was founded in 2008. They maintain four offices, including a headquarters in downtown Los Angeles.
What Problems Does Render Token Seek To Solve?
Today, rendering takes an enormous amount of processing power and time. Even on a high-end rig, rendering visual data can be an enormous investment.
Technology, meanwhile, isn’t slowing down. Smartphones, 8K TVs, augmented reality, and other innovations mean that the visual world is evolving at breakneck speed.
Content creators need to publish high-end graphical content catered to these new technologies, but doing so is an immense challenge that continues to become more challenging every day.
Some of the key problems Render Token seeks to solve include:
Higher Resolution: Virtual screens will increase resolution exponentially beyond current display capabilities. Meanwhile, current displays continue to increase in resolution.
More Interactivity: Multi-user gaming and media platforms will have billions of points of interaction.
More Complexity: Images will grow to billions of polygons and physically-based materials.
For all of these reasons, we need more graphical processing power. Instead of relying on individual rigs and servers, we need a cloud-based economy that provides cloud rendering.
How Does Render Token Solve That Problem?
The makers of the Render Token have spotted an easy solution to the problems above: visual data is more complex than ever before. However, GPUs are now a standard component on every phone and PC. Most of us have a powerful GPU in our pockets. Most days, we don’t use that GPU.
A single GPU – on most devices – cannot individually handle intensive image processing demands. However, if you connect to 100 GPUs, then the collective power could provide meaningful graphical rendering. And what if you connected a million smartphone GPUs together?
That’s where Render Token sees an opportunity. 7 years ago, the developers of Render Token filed a patent based on the idea of millions of GPUs worldwide connecting and working on distributed tasks for complex rendering.
How Does Render Work?
Once Ethereum reached widespread adoption, the developers of Render realized there was an opportunity to see their vision realized. Instead of GPUs only being used to mine cryptocurrencies, Render uses other intrinsic GPU functions to render and leverage the features of the blockchain.
Some of the key functions behind the platform include:
Network: A decentralized architecture brings together the power of millions of developers and billions of consumers.
Incentives: An equal, 2-sided marketplace motivates everyone to publish and consume – including everyone from artists to metadata contributors.
Trust: An indisputable ledger allows everyone to create, exchange, and transfer creations securely.
Basically, rendering jobs are registered on the RNDR blockchain. Through smart contracts, users join the network to contribute GPU computing power. a range of users then enhance the network with render apps – including artists, scientists, engineers, and retailers.
RNDR creates a new marketplace from crowdsourced 3D projects to digital rights management. This marketplace can fund digital ideas, assets, and applications that anyone can join.
Overall, Render seeks to transform the media industry by bringing affordable GPU computing power to the world. It aims to democratize advanced special effects and graphics. This will do more than just create a level playing field in entertainment: it will also accelerate the arrival of holographic displays and avatars “to change storytelling forever”, explains the official website.
Uses For Render Token
Obviously, graphic rendering technology is used in more than just the entertainment world. Some of the proposed use cases for the Render blockchain include all of the following:
- Virtual Reality
- Augmented Reality
- Mixed Reality
How To Use Render
If you need a rendering job completed by the network, then this is the basic process you’ll use:
Step 1) The user needs a render job, and goes to the ORC portal on the web (or in one of 30 supported toolchains) and submits a rendering task. ORC renders will be one click away from any Octane plug-in, allowing easy access to users at any time.
Step 2) The render task is calculated, and users get quoted a price for the task in Render Tokens. Users pay, and the tokens and render details get attached to the smart contract. The task is sent across the RNDR network and facilitated by a user that will match the task and process the render job.
Step 3) The user processes the job, then utilizes the GPU to perform the requested task. Once complete, the task is sent back through the Render Network.
Step 4) Once completed and reconciled, the smart contract transfers the tokens from the user who requested the task to the user or server that completed the task.
Each Render Token is designed to have the value of 256 seconds of work at 256 OctaneBench. The creators of Render, OTOY, created OctaneBench as a benchmarking unit to measure the processing power of various GPUs in a rig.
Render Token Crowdsale
The creators of Render haven’t finalized details of their token sale at this time. However, the whitepaper explains that the company is seeking $134 million to cover the costs of the project.
Further details about the token sale will be available online in the near future.
Who’s Behind Render?
Render is led by CEO Jules Urbach, co-founder of OTOY, Alissa Grainger (President), also co-founder of OTOY, and Ari Emanuel (Co-Founder), co-CEO of WME IMG.
The RNDR project is being led by OTOY International, Inc. OTOY is a world leader in cloud-based graphic processing technology. The company was founded in 2008 and is headquartered in Los Angeles, California. Eric Schmidt of Google, Brendan Eich of Mozilla, and Sam Palmisano are all listed as company advisors.
Render aims to use a cloud-based rendering system to solve crucial rendering problems in today’s graphical design communities. The RNDR blockchain collects rendering jobs, then organizes rendering power through a network of GPUs around the world. The company seeks to level the playing field when it comes to graphic design, giving smaller companies the ability to compete with larger companies in terms of rendering power.
You can learn more about RNDR and the Render Token today by visiting the company online at RenderToken.com.