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👇
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
🔶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.
🔶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
🔶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
🔶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.
🔶@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
🔶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
🔶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…
🔶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
🔶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
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
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
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