Render

RenderToken (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain. It aims to connect artists and studios in need of GPU compute power with mining partners willing to rent out their GPU capabilities. Conceived in 2009 by OTOY, Inc. CEO Jules Urbach, RNDR was launched in 2017 and held its first public token sale in October of that 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 to build and test the network until its public launch in April 2020. RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers (node operators). The network utilizes a combination of manual and automatic proof-of-work, or in this case proof-of-render, to verify that all art has been successfully rendered prior to payment disbursement and art release.