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Two important developments have been recently evolved for

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! 🧵 Image
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.
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.
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