RNDR/USD: Convert Render (ERC-20) (RNDR) to United States Dollar (USD)

Render (ERC-20), also known as RNDR, is a distributed GPU rendering network that operates 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. 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 (ERC-20) operates by allowing artists to exchange RNDR tokens 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 inherent security 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 (ERC-20) has a wide array of potential use cases, particularly in the realm of 3D content creation and artificial intelligence. The network provides a platform for a variety of computation tasks, from basic rendering to artificial intelligence, which are facilitated swiftly and efficiently in a blockchain-based peer-to-peer network. This ensures secure property rights and eliminates the need for third-party facilitators. The network also provides granular digital rights management through on-chain traceability of a node-based render graph. This makes it an ideal solution for next-generation immersive media and artificial intelligence that require new forms of authentication and provenance.

Render (ERC-20) 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 the 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. The public launch of the network took place on April 27th, 2020. The RNDR team is based out of Los Angeles, with team members throughout the world. The advisory board of RNDR boasts industry leaders 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.