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Render (ERC-20)

RNDR

USD

About Render (ERC-20)

RNDR is an Ethereum token that powers Render Network, a protocol that enables distributed graphics processing. Using RNDR as the medium of exchange, Render Network connects users looking to render images and video with those who have idle graphics processing power.

Render (RNDR) is a distributed GPU rendering network that operates on the Ethereum blockchain. It strives 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 operates by allowing artists to use RNDR tokens to exchange 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 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 seeks to democratize GPU cloud rendering, making next-generation 3D rendering widely accessible for the content demands of immersive media. It provides a platform for a wide array of computation tasks, from basic rendering to artificial intelligence, which are facilitated swiftly and efficiently in a blockchain-based peer-to-peer network. Render is designed to connect users looking to perform render jobs with people who have idle GPUs to process the renders. The network can be used by artists, animators, designers, architects, and engineers, providing unprecedented creative freedom, new levels of realism, and new economics in content creation and distribution powered by the cloud.

Render 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 that 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, up until its public launch on April 27th, 2020. The RNDR team is based out of Los Angeles, with team members throughout the world. The RNDR advisory board includes individuals 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.

Market

Market stats

Market cap

$2.6B

Volume (24h)

$300.2M

Circulating supply

392.5M RNDR

Typical hold time

66 days

Popularity

#34

All time high

$13.61

Market performance

Price change (1h)

+3.46%

Price change (1d)

+6.02%

Price change (1w)

+4.18%

Price change (2w)

-13.23%

Price change (1m)

-18.96%

Price change (1y)

+246.08%

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Social

Some highlights about Render (ERC-20) on social media

12,132 unique individuals are talking about Render (ERC-20) and it is ranked #99 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Render (ERC-20) has an average sentiment score of 4 out of 5. Finally, Render (ERC-20) is becoming more newsworthy, with 1 news articles published about Render (ERC-20). This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Render (ERC-20). There were 29.3% of tweets with bullish sentiment compared to 13.04% of tweets with a bearish sentiment about Render (ERC-20). 57.66% of tweets were neutral about Render (ERC-20). These sentiments are based on 1060 tweets.

On Reddit, Render (ERC-20) was mentioned in 18 Reddit posts and there were 30 comments about Render (ERC-20). On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

12,132 people

Posts

876 posts

Dominance

0.57%

Volume rank

#99

Average Sentiment

4 out of 5

News Articles

1

Twitter

Reddit

Posts

18

Comments

30

Post Score

47

Comment Score

51

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Render (ERC-20) is on the rise this week.

The price of Render (ERC-20) has increased by 3.46% in the last hour and increased by 6.02% in the past 24 hours. Render (ERC-20)’s price has also risen by 4.18% in the past week. The current price is $6.68 per RNDR with a 24-hour trading volume of $300.17M. Currently, Render (ERC-20) is valued at 50.92% below its all time high of $13.61. This all-time high was the highest price paid for Render (ERC-20) since its launch.

The current circulating supply of Render (ERC-20) is 392,459,381.455 RNDR which means that Render (ERC-20) has as total market cap of 392,459,381.455.

FAQ

What is the current price of Render (ERC-20)?

We update our Render (ERC-20) to USD currency in real-time. Get the live price of Render (ERC-20) on Coinbase.

What is the market cap of Render (ERC-20)?

The current market cap of Render (ERC-20) is $2.63B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Render (ERC-20)?

The all-time high of Render (ERC-20) is $13.61. This all-time high is highest price paid for Render (ERC-20) since it was launched.

What is the 24 hour trading volume of Render (ERC-20)?

Over the last 24 hours, the trading volume of Render (ERC-20) is $300.17M.

What other assets are similar to Render (ERC-20)?

Assets that have a similar market cap to Render (ERC-20) include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Render (ERC-20) are there?

The current circulating supply of Render (ERC-20) is 392 million.

What is the typical holding time of Render (ERC-20)?

The median time that Coinbase customers hold Render (ERC-20) before selling it or sending it to another account or address is 66 days.

What is the relative popularity of Render (ERC-20)?

Render (ERC-20) ranks 27 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Render (ERC-20)?

Currently, 90% of Coinbase users are buying Render (ERC-20). In other words, 90% of Coinbase customers have increased their net position in Render (ERC-20) over the past 24 hours through trading.

Can I buy Render (ERC-20) on Coinbase?

Yes, Render (ERC-20) is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Render (ERC-20) guide.