What is RNDR?
This project, which was founded in 2016, was already the second successfully launched startup by Jules Urbach. The Render Token project is paired with Urbach's original OTOY project. OTOY is the world's leading OctaneRender object renderer, functioning on the OctaneRender Cloud Network (ORC). With OTOY and its own Render Token asset, the project hopes to democratize access to GPU-based cloud rendering. In essence, Render Network offers its customers a powerful, scalable and cost-effective end-to-end solution. The Render Network lowers barriers of entry for designers, students, artists, and developers, revolutionizing the process of digital creativity.
Like other networks, Render is also based on the Ethereum blockchain, which is tasked with connecting participants to provide the need for GPU computing power. RNDR is Render's own token, which primarily operates as a payment currency for services provided by the network.