In this post, we will help you break down RNDR and showcase the importance of this technology and token.
Before we begin, you must understand what GPU rendering is. So, what exactly is it?
To put it simply: GPU stands for Graphics Processing Unit. They speed up the rendering of visuals. Why are they important? They're essential because GPUs solve the problem of graphically dense applications that burden CPUs or slow down performance. They can handle a considerable amount of data at once, making them perfect.
Now that we understand what GPUs are and how they help, we'll move on to what you really want to know.
What is RNDR?
Render Token is a rendering network that connects artists or studios who require GPU computing power with mining partners who would like to rent out their GPU power in return for RNDR tokens, solving a big problem: the size/availability of GPU computation for artists and studios. The aim is to be able to use blockchain protocols to publish and monetize 3D items in the future. According to Render and their CEO (Anurag Goel), RNDR is "the first network to transform the power of GPU compute into a decentralized economy of connected 3D assets".
TLDR; RNDR is the first blockchain GPU rendering network & 3D marketplace. The RNDR coin is based on impressive rendering technology, which creates a distributed worldwide network of millions of GPU machines and creators that work together.
How does RNDR work?
As we mentioned earlier, the render network connects people looking to perform rendering jobs with people with GPU power that can handle the renders. Owners connect their GPUs to the Render network to receive those jobs. Users receive a small percentage of RNDR for the job.
After registering the GPUs on the Render network, the GPU owners become "node operators" and can earn RNDR tokens.
To summarize: User (node operator) has GPU power > Creator needs rendering work > Creator sends their files to the rendering network, and they are assigned to each other > User gets a small percentage of RNDR. In contrast, the creator's task is accomplished. Of course, Render receives a small portion of the RNDR paid out to maintain this fantastic technology and perform the transaction.