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What is Render Network?
Render Network (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain. It connects artists and studios needing rendering power with individuals who have idle GPUs to rent out.
Key Features of Render Network
- Decentralized Rendering: Render facilitates peer-to-peer GPU resource sharing, eliminating reliance on centralized rendering farms.
- RNDR Tokens: RNDR is the utility token used on the network. Artists pay RNDR to users who lend their GPUs for rendering tasks.
- Multiple Blockchains (Future): While currently on Ethereum, Render plans to integrate with other blockchains for wider reach.
Uses of RNDR Token
- Payment for Rendering: Artists use RNDR to pay for rendering jobs on the Render Network.
- GPU Provider Rewards: Node operators who contribute their GPUs earn RNDR tokens for completing rendering tasks.
- Potential Staking (Future): Staking RNDR for rewards might be offered in the future