We called $RENDER when it was at $0.55, and it’s been almost 3 years since we took a deep dive into the Render Network.
After climbing almost 25x to $13.60 in 2024, and now back at $3.72, we thought it would be the perfect time to return before another potential huge spike up!
What is the Render Network?
Since the first time we spoke about Render Network (thread below), they have done some serious BUIDLing and development.
The idea for Render was first conceived in 2009 and was later introduced to the world in 2017 after its successful public sale, where they raised over $29.4M!
Render Network is a decentralized GPU rendering protocol that enables anyone to gain access to near limitless GPU power. This is done by connecting artists in need of rendering power with people who own and provide idle GPUs.
Behind this one-of-a-kind protocol is an impeccable team and board of advisors, which includes huge names such as J.J. Abrams (Hollywood movie director), Ariel Emanuel (CEO of Endeavor), Brendan Eich (Founder & CEO of Brave & $BAT), as well as many others.
How Does Render Work?
Creators and artists rendering 3D animations, visual effects or AI model training require large amounts of GPU power, and therefore are known to be expensive. But creativity should have no limits, nor borders, and that’s why Render Network was designed to enhance creativity and bring forth the next generation of 3D content creation.
In today’s world, no one should be limited by technology.
Whether you’re an independent artist, a studio or a social media content creator, you can complete powerful rendering tasks on any creation without the need to own any expensive GPU power. For a fraction of the price, Render Network can render anything from 3D movie scenes to product modelling.
Simply put, the Render Network is essentially a marketplace where GPU owners will connect their computers to the Render Network and rent out their spare GPU power. Creators/artists will then pay $RENDER tokens for any GPU power they obtain from the marketplace, creating a lucrative ecosystem for all.
Why Render?
Think of Render as a decentralized portal to your creative needs, where every transaction and interaction requires no middlemen. Instead, all rendering jobs and transactions conducted on Render are processed through the Proof-of-Render consensus, which verifies that tasks are completed before the $RENDER is received by the GPU provider.
$RENDER Token
Right at the core of it all is the $RENDER token, the native currency used as the medium of exchange and to reward all GPU providers for their services. Although there are other smaller use cases, $RENDER also acts as the governance token to participate in voting through the DAO.
According to CoinMarketCap, at the time of writing, $RENDER is currently trading at $3.45 with a large market cap of $1.78B. Last year, in 2024, $RENDER produced a new ATH at $13.60, climbing almost 25x from when we first called it back in 2022.
Now we all ask, will it reach and exceed that once again?
Official Render Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
