The Render Network is a peer-to-peer (P2P) GPU compute network built on the Ethereum blockchain and OctaneRender, the world’s first and currently fastest GPU-accelerated renderer by industry-leading OTOY Inc. It aims to connect creators needing GPU compute power for rendering with providers renting their GPU capability out in exchange for RNDR tokens. The high-performing network facilitates complex GPU render jobs and simplifies the transactional process of rendering and streaming 3D environments and objects. It is a project that is vital to building digital products and services.
Render Token (RNDR) is the network’s native utility token used to pay for animation, motion graphics, and VFX rendering in the network. The market cap of RNDR now stands at about $657 million, with over RNDR 363 million tokens in circulation (as of mid-April 2023). RNDR’s all-time high (ATH) price peaked at $8.78 in November 2021 and is now trading at about $1.81. (as of mid-April 2023).
The Render Network has also introduced RNDR credits for new users to get started on the network, which can be purchased using PayPal or Stripe. RNDR credits are backed by RNDR tokens. Hence, when a creator pays for the service using RNDR credits, node operators are paid in RNDR tokens for their work.
Render Token (RNDR) is available on the Matrixport app; alongside other blue-chip cryptocurrencies like Bitcoin (BTC), Ether (ETH), Stablecoins (USDT, USDC and BUSD), and many more. Users can deposit, withdraw and transfer RNDR on the app.
About Matrixport
Matrixport is one of the world’s largest and most trusted digital assets ecosystems providing one-stop crypto financial services to meet the emerging needs of generating long-term wealth in digital assets. It forges strategic collaborations with early-stage Web3 innovators, helping them build, grow and scale and the company’s services include Cactus Custody™, spot OTC, fixed income, structured products (including Dual Currency), lending as well as asset management.
With USD4B in actively managed digital assets, Matrixport achieved a pre-money unicorn valuation in 2021 and was named by CB Insights as the 50 most promising blockchain companies in the world in 2022. Its digital prime brokerage business, Matrixport Institutional, serves 500+ institutions across the US, Europe and Asia, offering best-in-class access, leverage, capital Introduction and custody services.
Headquartered in Singapore, the company holds a Hong Kong Trust Company License and a Swiss FINMA SRO-VQF Membership. For more information, visit www.matrixport.com.
About Render Network (RNDR)
Founded in 2016 by Jules Urbach, CEO of OTOY, the Render Network aims to utilize idle GPU resources and provide creators in need of additional GPU compute power for rendering projects. It offers cost-effective solutions for artists and studios, while providers can earn RNDR tokens in exchange for their resources and services.