Render (ERC-20)

Render (RNDR) is a distributed GPU rendering network that operates on the Ethereum blockchain. It strives to connect artists and studios in need of GPU compute power with mining partners willing to rent out their GPU capabilities. The network was conceived in 2009 by OTOY, Inc. CEO Jules Urbach and launched in 2017. RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers, also known as node operators. The network utilizes a combination of manual and automatic proof of work system, or in this case, proof of render, to verify all art has been successfully rendered prior to payment disbursal and art release.

Render operates by allowing artists to use RNDR tokens to exchange for GPU compute power from GPU providers. The network uses a combination of manual and automatic proof of work system, known as proof of render, to verify that all art has been successfully rendered before payment is disbursed and the art is released. The Ethereum blockchain's properties are utilized to hash proprietary assets upon upload and send them to nodes piecemeal for rendering. All RNDR payments are stored in escrow during rendering and are released to node operators upon manual verification by the commissioning artist of successful work. To prevent malicious actors, all assets rendered on the network are watermarked until payment is successfully disbursed.

Render seeks to democratize GPU cloud rendering, making next-generation 3D rendering widely accessible for the content demands of immersive media. It provides a platform for a wide array of computation tasks, from basic rendering to artificial intelligence, which are facilitated swiftly and efficiently in a blockchain-based peer-to-peer network. Render is designed to connect users looking to perform render jobs with people who have idle GPUs to process the renders. The network can be used by artists, animators, designers, architects, and engineers, providing unprecedented creative freedom, new levels of realism, and new economics in content creation and distribution powered by the cloud.

Render was first conceived in 2009 by OTOY, Inc. CEO Jules Urbach and was launched in 2017. The first public token sale of RNDR took place in October of that same year, followed by a private sale period lasting from January 2018 to May 2018. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th, 2020. The RNDR team is based out of Los Angeles, with team members throughout the world. The RNDR advisory board includes individuals such as Ari Emanuel, JJ Abrams, and Brendan Eich, who have all advised RNDR in various capacities in bridging the gap between creating a system that appeals to both cryptocurrency communities and Hollywood studio production pipelines.