Thread by @NurBrks

We have seen a massive surge in #AI interest in recent weeks which culminated in massive hype with anything related!

This brought me back to one of the projects I was most bullish about @RenderToken

What is $RNDR?
Why is there a need for #RNDR?
Who is behind it?
🧵 is needed👇

1.What is Render?

🔶GPU rendering system acting as a marketplace between GPU providers & requestors

🔶Provides GPU owners an opportunity to monetize their idle GPU by offering it's computing power to rendering job requests

🔶Allows GPU owners to loan out their GPU power

2.Why does this matter?

🔶Rendering costs massive amounts of money, time and storage space.

🔶Avatar (2009) as follows:
-40k processors used for rendering
-The computers were processing up to 1.4 million TPD to render
-Each of Avatar’s frames took several hours to render.

3.Why $RNDR is the solution?

🔶Render Network is aiming to #decentralize computing resources

🔶Allowing complex GPU-based render jobs to be distributed and processed on a P2P network

🔶Making the process quick and efficient
#blockchain

4.Who is behind all of this?

🔶Render is a subsidiary of @OTOY

🔶Graphics Software Company designed to specialize in rendering complex 3D environments using cloud-based servers

🔶Founded by @JulesUrbach

🔶Notable partners @Google @Apple @IBM @autodesk

5.Main goal of $RNDR?

🔶@RenderToken has the ability to scale up to urgent demands without needing to pay overpriced costs

🔶Render has clearly been successful in providing a 10x better product to its users, the network is positioning itself for the next wave of demand.

6.Scope of market utility $RNDR?

🔶The cost savings of using distributed GPU network on blockchain for $RNDR are HUGE

🔶Rendering movies
🔶Rendering games
🔶Rendering #Metaverse
🔶Rendering #VR
🔶Rendering digital art #NFTs
🔶Providing computing/rendering power for #AI

7.Issues with $RNDR token

🔶Utility and ecosystem for the token itself is still unclear let's take a look below:

🔶User purchases $RNDR Credits>Backed by $RNDR tokens> Creator pays for a job using credits>Node operators are paid out in tokens

🔶No incentive for holding tokens

8.This is bad or good for $RNDR?

🔶Here is the case of a project focusing on getting the product and network in line first before shifting it's focus on price utility of the token.

🔶Bullish scenario and solution for $RNDR token👇

github.com/rndr-network/R…

9.Conclusion

🔶Network will leverage the reliable blockchain technology to ensure that creator’s rights are protected.

🔶Scaling GPU rendering power which is too difficult with existent render technology

🔶Blockchain technology to provide an efficient and powerful solution

10.Important links @RenderToken

WB:rendertoken.com
CG:coingecko.com/en/coins/rende…
CMC:coinmarketcap.com/currencies/ren…
CT:twitter.com/rendertoken
FB:facebook.com/OTOY
TG:t.me/RenderTokenOff…
RD:reddit.com/r/RenderToken
Medium:medium.com/render-token

11.🟢Investment!

I am overly positive on the future of @RenderToken and excited on what the revised tokenomics will bring to the table for long-term investors.

This is a very good time to scale into $RNDR as project will have natural demand in the upcoming years. #Binance