Introduction

Render Network is a platform developed on the Ethereum blockchain with the aim of providing an alternative to the centralized solutions of GAFAM by offering its own decentralized solution.

Indeed, Render Network allows users to rent or lend GPU (graphics card) computing power for 3D rendering. In a world where the demand for computing power is growing with the emergence of AI and the metaverse (cinema, video games, immersive experiences...), Render could stand out by establishing a virtuous economy.

The project is part of the DePIN (Decentralized Physical Infrastructure Networks) narrative.

History of Render Network

Render Network was created by Jules Urbach in 2017. The platform is the result of extensive reflection that began in 2009 with the parent company, OTOY, which was also co-founded and led by Jules Urbach.

A public sale (ICO) took place in 2017, followed by a private sale in 2018. Participants in the private sale were able to become beta testers until the public launch on April 27, 2020.

The RNDR application was initially built on the Ethereum blockchain but is currently migrating to the Solana blockchain.

Render Network and OTOY (Object Theory): To truly understand the Render Network platform and its related products, it is necessary to look at the company OTOY to gain a broader perspective on the 3D graphic rendering market.

OTOY is the company behind the technology Octane Render, an innovative and powerful rendering solution that is widely recognized for its quality.

Among the many clients using this technology are Disney, Paramount Pictures, HBO, Activision, Electronic Arts (EA), Facebook (Meta), Google, Netflix, Sony Pictures, and many others in the audiovisual and video game industries...

From globally renowned architecture firms to the fashion world with Nike and Adidas, as well as in advertising, marketing, and the automotive industry, Octane Render is omnipresent in our lives without us even knowing it.

But what is the connection between OTOY and Render Network?

If we had to answer in a few words, the two companies are complementary in the sense that OTOY provides the technology, and Render Network offers an infrastructure that allows GPU resources to be utilized in a decentralized manner.

Render Network thus benefits from substantial technological and financial support to develop its activities.

Value proposal

Render Network is a decentralized 3D graphics rendering platform that allows its users to perform large-scale rendering tasks. The platform could be compared to a marketplace connecting owners of unused GPUs with clients who have graphic computing needs.

Indeed, GPU (graphics card) computing power is absolutely vital for artists and developers seeking to produce high-quality renders. The demand for graphic computing is rapidly growing due to the expansion of AI and the increasing complexity and energy demands of rendering tasks.

Thanks to Render Network's solution, owners of unused graphics cards can monetize their computing power by renting it out to the platform's clients.

Owners are rewarded once the task is completed and validated by the client, receiving payment in RNDR tokens, the project's cryptocurrency.

Render Network's vision is to make high-quality 3D rendering accessible to creators or companies that might not necessarily have the technological or financial means to afford such renders.

These clients can, through the platform, access high-quality renders by paying either with RNDR tokens or RNDR Credits.

RNDR Credits: 

RNDR Credits, which are only usable on the Render Network platform, allow clients who are not familiar with blockchain to benefit from its services.

Thus, companies can use more traditional payment methods such as Stripe or PayPal. This enables Render Network to tap into a broader market without limiting itself solely to the Web3 sector.

Moreover, when a user purchases RNDR Credits, they are actually backed by RNDR tokens that have been bought on an exchange by the Render Network team. This means that when a user pays for a job using RNDR Credits, the providers of GPU computing power are compensated in RNDR tokens for their work.

Thanks to this ingenious system, there can be an increase in buying pressure for the RNDR token depending on the demand for graphic computing power.

Tokenomics

The RNDR token, central to the economy of the Render Network project, is distributed as follows:

Distribution of the RNDR token:

• 65% are held in escrow smart contracts to supply the network's demand and supply.

• 25% of the supply was sold in public/private offerings.

• 10% of the RNDR tokens are used for treasury purposes.

The RNDR token has several uses:

• It serves as a governance token.

• It is used to purchase services offered by Render Network.

• GPU providers are compensated with RNDR tokens.

Partnerships and Fundraising

Regarding fundraising, data is not easily accessible. However, we know that during the public sale and the private sale, tokens were sold at $0.25 each.

The latest fundraising round, conducted in December 2021, raised $30 million. Among the participants in this seed round were Multicoin Capital, Alameda Research (FTX), Sfermion, Solana Foundation, and angel investors such as Vinny Lingham and Bill Lee.

Among the notable partnerships of Render Network is IO.net, which also operates in the DePIN universe. If you want to deepen your knowledge about this blockchain, I highly recommend checking out the post by @TheBat-TeamCR on the subject right here. 🤓

Render Network is also now working with Nvidia, a company that needs no introduction...

The Team

Jules Urbach, the CEO and founder of Render Network, is an entrepreneur with over 25 years of experience in 3D graphic rendering. Jules Urbach also founded and presides over OTOY, a company closely linked to Render Network. He is considered a pioneer in his field and has received numerous accolades from his peers for his work.

Render Network has surrounded itself with very influential and skilled advisors. In this category, we find artists like Beeple, high-profile directors like J.J. Abrams (known for Star Wars VII, VIII, IX, among others), and even contributors like Brendan Eich (the inventor of JavaScript and current CEO of Brave Software).

The Render Network team is composed of skilled and experienced members in their fields, such as Charlie Wallace, the CTO, who has over 25 years of experience in graphic rendering.

Conclusion

In conclusion, Render Network positions itself as an innovative and decentralized alternative to the centralized solutions dominated by GAFAM in the realm of GPU computing power for 3D rendering.

Render Network provides a marketplace that allows holders of unused GPUs to monetize their resources by renting them out to creators and businesses with growing needs for graphic computing, particularly in the fields of AI and the metaverse.

Render Network stands out for its inclusive vision, offering services accessible through RNDR tokens or RNDR Credits, enabling clients who are not familiar with blockchain to benefit from its services. This flexible approach paves the way for a broader market while ensuring buying pressure on the RNDR token, which is crucial to the project's economy.

With an experienced team and influential advisors, Render Network is well-positioned to revolutionize the 3D rendering market by establishing a virtuous, decentralized, and more accessible economy for all.