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Two important developments have been recently evolved for
@RenderToken:
1. Proposed tokenomics changing $RNDR from a simple ’17 ICO token to an utility token with clear value accrual
2. The flocking of Ethereum miners to the Render Network
Let’s dive in! 🧵
@RenderToken:
1. Proposed tokenomics changing $RNDR from a simple ’17 ICO token to an utility token with clear value accrual
2. The flocking of Ethereum miners to the Render Network
Let’s dive in! 🧵
1/ First of all, what the heck is Render Network?
Founded by @JulesUrbach, it allows for the rendering of an artist’s work matching with a computer's spar GPU-capacity.
Already envisioned in 2009, Jules Urbach patented the token-based billing model for server-side rendering.
Founded by @JulesUrbach, it allows for the rendering of an artist’s work matching with a computer's spar GPU-capacity.
Already envisioned in 2009, Jules Urbach patented the token-based billing model for server-side rendering.
2/ There are two crucial advantages underlying Render Network's:
1. Pricing arbitrage: NVIDIA's monopoly in GPUs dictates the Cloud Giants pay 10x the price for 20% more efficiency compared to consumer GPUs.
This made $RNDR 79% cheaper than the median render farm alternative.
1. Pricing arbitrage: NVIDIA's monopoly in GPUs dictates the Cloud Giants pay 10x the price for 20% more efficiency compared to consumer GPUs.
This made $RNDR 79% cheaper than the median render farm alternative.
