The emergence of the metaverse, which has exploded in recent months, has led to the booming development of various metaverse spaces. Along with the development, comes the creation of 3D or 2D digital graphics. This process is known as “image synthesis” or “rendering”.
Rendering is an arduous process that requires a great deal of computing power. Digital artists have been inhibited in the past by a plethora of technical barriers associated with network computational systems.
One project which is revolutionising the way in which rendering is carried out is the Render Token (RNDR) project, which is currently presenting a host of new opportunities to digital creators.
All you need to know about Render Token platform
The Render token platform allows its users to share their Graphics Processing Unit (GPU) power in an easy and seamless manner. Through this platform, Render Token is giving much-needed computational power to artists, developers and studios.
What this means is: if you’re a user of the Render platform and you’re looking to perform render jobs, the platform will connect you with people who have idle GPUs. This process eliminates the need to purchase high-end computers, thus saving significant cost.
One of the major issues with rendering is the amount of wasted energy, which comes as a result of so many GPUs sitting idle when they’re not rendering their own work. The efficiency that the Render platform provides reduces the industry’s overall carbon footprint.
Benefits for Render Users
Users of the Render network who lend out their own computing power receives Render Tokens, which exist on the Ethereum blockchain.
Render Token (RNDR) closes the gap between GPU supply and demand, which allows regular users of the network to easily and securely earn profits as well as save on hardware costs.
Moreover, the Render Token platform allows its users to create more robust environments. This is due to the expandability of the network, which allows graphic artists to design more immersive landscapes with greater interactivity.
Price Performance
Since Render token’s introduction in 2020, its price has risen, although this hasn’t been without volatility, as is the case with most digital currencies.
Render peaked in November 2021 at US$8.76 after a steep increase, likely bolstered by Meta CEO Mark Zuckerberg’s metaverse announcement in October.
The token has heavily corrected since then and was trading at US$2.65 at the time of writing.
Bottom Line
The Render Platform is just yet another example of how blockchain technology is decentralising the industry and pulling resources together across an entire network of computers.
With the booming metaverse space increasing demand for more and more graphics, Render’s platform may well become a key player in the blockchain space.
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