Render price is $7.26
| Market Rank | #52 |
|---|---|
| Market Cap | $ 3.8B |
| Volume 24h | $ 452.1M |
| Circ. Supply | 517.7M |
| Total Supply | 532.5M |
| Max Supply | ? |
The current price of Render (RNDR) is $ 7.26. Over the past 24 hours, the price has decreased by -10.50%. It's important to note that cryptocurrency prices are highly volatile and can change rapidly within a short period of time.
Render (RNDR) is a digital asset associated with the Render Network, which aims to revolutionize the digital creation process through decentralized GPU-based rendering solutions. The platform connects artists and digital creators in need of computing power for intensive 3D rendering projects with node operators who can monetize their idle GPU compute capacity. The Render Network emphasizes efficiency, scalability, and economic advantages offered by a decentralized peer-to-peer network structure.
The Render Network is managed by the Render Network Foundation, which is the main organization responsible for guiding the development and growth of the Render Network. The foundation focuses on leveraging decentralized computing resources to aid artists and creators in rendering complex visual projects.
Render operates by allowing users who need rendering power to submit tasks to the network, along with a specified amount of RNDR tokens as payment. Node operators with available GPU power can then choose to process these tasks, and upon completion, they receive the RNDR tokens as a reward. This creates a marketplace for rendering power that is both scalable and accessible to a broader range of users, including those who may not have the resources to invest in high-end rendering hardware.
What sets the Render Network apart is its utilization of blockchain technology to facilitate a decentralized marketplace for GPU rendering power. This allows for more efficient resource allocation compared to traditional, centralized cloud rendering services. Additionally, Render is exploring platforms for artists and developers to create services and applications suited for the digital economy, including DRM, AI, and the minting of virtual assets like NFTs (Non-Fungible Tokens).
Render's technology is innovative in that it integrates blockchain with a practical use case of GPU-based rendering. This not only democratizes access to rendering resources but also incentivizes the sharing of computational power. By doing so, Render represents an evolution in how digital content and complex visual projects are created and scaled.
As of now, there are 517.7M RNDR tokens in circulation. The total supply of RNDR tokens is intended to be 532.5M. The circulating supply represents the number of tokens available in the market, which can be bought, sold, or traded.
Render is positioned at the intersection of GPU rendering and blockchain, aiming to serve the growing digital economy. Its role extends beyond rendering solutions to potentially include service creation for digital rights management, artificial intelligence, and the burgeoning ecosystem of non-fungible tokens, which represents ownership of unique digital items.
The Render Network proposes to extend its functionality to support AI research and NFT creation. By providing high-performance GPU processing power, it can facilitate complex computations needed for AI algorithms. For NFTs, the network can offer creators a robust platform to render and mint digital assets efficiently on a blockchain, ensuring authenticity and ownership.
Render (RNDR) can be purchased on Indodax, Coinbase Pro, Bitstamp, LBank, which are the platforms that currently list RNDR for trading. To buy RNDR tokens, one would generally need to create an account on one of these exchanges, complete the necessary security verifications, deposit funds or cryptocurrency, and execute a purchase order for RNDR tokens.
To keep your RNDR tokens safe, it's recommended to use a secure and reputable wallet that supports the RNDR token. Adequate security measures such as two-factor authentication (2FA), strong passwords, and keeping the majority of your tokens in cold storage (not connected to the internet) can help prevent unauthorized access and potential theft. Additionally, always be cautious of phishing attempts and ensure to transact through trusted platforms only.
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