Render, also known by its ticker symbol RNDR, is a decentralised platform that leverages blockchain technology to create a distributed GPU marketplace. It connects users in need of rendering power for graphics computing with individuals and businesses that have idle GPU capacity.
Render operates as a blockchain-based peer-to-peer network where users looking for graphics computing power are matched with those offering unused GPU power. Initially built on the Ethereum blockchain, it plans to migrate to Solana to improve speed, cost, and scalability. The network uses a custom consensus mechanism called Proof of Render (PoR) to verify rendering job completion before payments are made. Smart contracts are employed to manage job submissions and payments.
Render can be used across various industries and applications, such as:
It also boasts partnerships with companies like OctaneRender and collaborations for charity projects and climate initiatives.
Render was initiated by Jules Urbach, CEO of OTOY, a company that specialises in rendering and computer graphics, in 2016. An ICO was conducted in 2017, and the network opened for users in 2018. It transitioned from the Ethereum testnet to the mainnet in 2019, and its main product was launched in 2020. Over the years, it has integrated with major platforms like OctaneRender and Apple to expand its offerings and market reach.