RNDR Token is a decentralized economic network that converts GPU computing power into 3D assets (such as graphics cards). The goal is to authorize the creation, sharing, and monetization of any 3D object or environment through the Ethereum blockchain protocol. RNDR Token is supported by breakthrough cloud rendering technology, creating a distributed global network consisting of millions of peer-to-peer GPU devices.
RenderToken.com (RNDR®) is a high-performance distributed GPU rendering network built on OctaneRender®, the world's fastest and most efficient GPU-accelerated, unbiased, and physically correct renderer developed by OTOY Inc. The network helps to create a market between compute and virtual asset (NFT) node operators and requesters.
Leading visual effects studios, artists, animators, designers, architects, and engineers have used OTOY's Oscar-winning technology to provide unprecedented creative freedom, new levels of realism, and new economics in cloud-based content creation and distribution.
OTOY® was founded in 2008 and has grown into four offices with over 60 employees headquartered in Los Angeles, California. RNDR held a public token sale in October 2017. The RNDR network has launched and has been fully operational since April 2020.
RNDR Token, founded by CEO Jules Urbach, is an ERC-20 compatible utility token used to pay for animation, motion graphics, and VFX rendering on the distributed RNDR network. With the help of OTOY's OctaneRender capabilities, the RNDR network can produce movie-quality renders in a fraction of the time it would take traditional studios and artists.
Users can register their workstations on the network and receive RNDR tokens to complete work. Rendering jobs are distributed across multiple computers running a simple client application, similar to Folding@home or SETI.
The tokens earned can be used to fund rendering projects in the future, all of which are encrypted on the network. Studios can also choose to use Tier 1 nodes on Microsoft Azure's highly secure infrastructure for their network projects.