What is the Future of Render in this guide? We will answer questions such as who created it, what is its features and project.
As visual technology advances, consumers and businesses alike are pushing for higher resolution content and computer-generated graphics. Creators, designers and video editors are constantly creating videos, animations and graphics for various projects. As long as it’s a high-resolution image or animation, rendering is used.
Major blockbuster movies with realistic CG animations (such as the Marvel movie series) and video games with immersive graphic representations are just two of many examples.
This increasing pressure from the creative and consumer economy is one of the main reasons for the global demand for more processing power. That’s why the idea of Render (RNDR) was born as a solution for various industries hungry for more processing and GPU rendering power.
The design of the network aims to meet the increasing global demand for computing. By allowing access to scalable GPU computing power, anyone can build their creative vision without high overhead and hardware. This can include anything from simple videos to immersive AR/VR environments and much more.
What is RNDR?
RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aimed at connecting artists and studios that need GPU computing power with mining partners who want to rent their GPU capabilities. In 2009, OTOY, inc. Designed by.
CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of tokens.
During the private sale period, early adopters were included in the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team to build and test the network until it became public on April 27, 2020.
What is Render Token (RNDR)?
Render Network is a protocol based on the Ethereum blockchain that provides distributed GPU processing power. Anyone can buy computing power with RNDR tokens. OTOY, a graphics-oriented company with over two decades of experience in this field, manages the protocol.
New technologies will continue to push processing requirements, also known as processing power. Following DeFi’s growing popularity and ever-expanding metadata store, Render’s protocol aims to keep up with the increasing GPU consumption by offering massive processing power.
It’s a more sensible way to use GPU computing power than the proof-of-work consensus (PoW) that powers popular cryptocurrencies like Bitcoin.
Render also relies on smart contracts to ensure secure token exchange, mintage and protection of rights.
The software that powers the entire platform is OctaneRender® and the power unit is OctaneBench®. OctaneRender now supports both NVIDIA and AMD GPUs. Additionally, both Windows and macOS users can use the software to share their computing power with the network.
OctaneBench® determines the power of graphics cards and uses metrics to classify the pricing tiers of services on the platform. Nodes consider node reputation, security, speed, and cost to place them in a particular pricing tier.
On top of that, the system network also offers a storage solution through its partnership with Sia, a practical, decentralized storage solution that helps content creators keep all their valuable renders in one place.
What Is GPU Processing Power Used For?
Increasing rendering needs are driving the growing popularity of Render Network. The network can be used to create:
- High resolution images
- Metaverse fields
- 3D animations
These are just some examples, as processing power has applications for a wide variety of digital creations. Being able to quickly create digital assets is particularly important to the growing VR and AR industries. Additionally, given that the metaverse industry is rapidly becoming mainstream, there are great opportunities to create digital assets for their platform.
Processing power plays an important role in real-time, on-screen digital projections. If it wasn’t enough, the results would be choppy, pixelated and low resolution. It would be impossible to stream digital concerts and other similar events live, as it would generally not be pleasant to watch and not immersive at all.
The current challenge with processing power is overhead. Companies can invest heavily in most on-premises solutions as they don’t always need it, but they don’t always need it, not GPU power. These idle GPUs waste financial resources and power.
With rendering, users rent the processing power already available on the network. There is no need to make additional investments, instead you simply pay a small fee to borrow the available processing power when needed.
“Tenants” are actually called Node Operators. These are essentially millions of network members who lease their processing power to the network. When someone needs processing power, they get it from network nodes and use RNDR tokens to pay for the service.
Win-Win Processing Power
Both the creator and service provider are secure in exchange. When the renderer (or GPU supplier) finishes the job, there is a watermark to prove the job was completed as intended. To release funds from escrow, the digital creator must approve the end of the processing job.
On top of that, the network enables the creation of digital rights. Every creator gets creative rights that protect the copyright of every product created. The ultimate goal is to create a complete marketplace with 2D and 3D assets where people can trade.
It’s good to see that Apple devices can now join the network via Octane X™ software, as we’ll discuss it in more detail below.
Major RNDR Projects
RNDR continues to expand in several different ways. Among the most important moves of 2021 are:
Previously, only Windows users could access the Octane X network, a software tool that allows users to access the Render Network.
Apple users are now basically allowed to use Octane X to anyone running macOS Big Sur or later, and by extension, use Render Network’s seamless GPU rendering capabilities for the most demanding projects. Considering that millions of creators use Apple devices to create digital art, it is one of the largest ecosystems in the computing world and therefore a huge market with high demand for rendering capabilities.
Free access to Octane X® Enterprise and Octane X Prime has been given to encourage Mac users to get involved. The former provides access to all the features of Render, including heavy-duty tools such as the Unity engine, Daz 3D, Adobe After Effects, and more, while the latter is more suitable for small-scale rendering projects.
Octane X also allows Apple users to share the power output of their graphics cards and contribute to the processing power of the network.
Another exciting development is the inclusion of AMD support, as the platform initially only supported NVIDIA graphics cards. This means that Render now supports almost all new computers.
The explosion of NFTs
In the fall of 2021, NFTs created on the Render Network reportedly generated over $500 million in sales to various creators who primarily use Render to perform more than a quarter of a million jobs.
To boost the platform’s popularity, Render has teamed up with influencers with huge cult followings like Gene Roddenberry, Alex Ross, and Beeple. While Gene Roddenberry’s Star Trek was a global phenomenon enjoyed by millions, Alex Ross brought thousands of Marvel comics to life. Beeple’s art is hugely popular and is currently at the forefront of NFT culture.
Together, RNDR and these artists created the Archive project to showcase a way that creators can capture an artist’s lifetime achievement and present it on a blockchain.
Another project that has yet to come is the first holographic NFT. Transferring all its works to RNDR, Beeple is participating in this project to move the future of NFTs forward.
Many other artists are tapping into the platform’s potential to create metaverse elements, more of which you can find in the platform’s official blog post. Render uses their platform to experiment with high resolution images.
OctaneRender Future Updates
The Render Network will continue to grow with future updates promising various improvements. A notable update is Arnold builder, which will allow Autodesk creators to use the platform.
This opens the door for countless companies in various industries to use the software to create complex projects in construction, manufacturing, aerospace, medical devices, oil and gas, consumer products, and more.
RNDR Coin Review and Future
The potential of any platform depends on its practicality. In this context, Render is a promising project with many potential use cases. Its core product will help companies and individual creators save millions of dollars without sacrificing creation speed.
Content creators and service providers get the best of both worlds. Artists and other creators have access to unlimited network power, while providers can earn passive income by renting their equipment to the network.
Given the involvement of the leading names in the project and the current growth rate, it’s safe to assume that RNDR is a good investment. The platform will continue to dominate the decentralized cloud rendering industry as the top choice for many artists with no competitors in sight.
The render is an excellent example of how blockchain technology can help decentralize different processes. As a distributed GPU rendering network, Render helps keep idle GPUs to good use while keeping energy efficiency high. With easy scalability, rights management, and massive processing power, the RNDR team has essentially democratized cloud processing services and created a platform that is likely to stay here.
Exciting times await as the protocol continues to grow and bring more updates to the table. Investing in render might be a wise choice right now.
What is the Future of Render in this guide? We answered the questions of who created it and how it works. Keep following us.
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