<span data-preserver-spaces="true">Rendering, also known as image synthesis, uses computer software powered by GPU to create an image from a 2D or 3D model. The Render is the name given to the final image.   </span>

<span data-preserver-spaces="true">A scene file containing objects in a rigorously specified language or data structure can have many models. The scene file contains the virtual scene's geometry, viewpoint, texture, lighting, and shading information. The scene file's data is then supplied to a rendering program, which processes it and outputs it as a digital image. The concept of 'rendering' is similar to an artist's interpretation of a scene. </span>

<span data-preserver-spaces="true">Many problems are faced during rendering, and Render Network has created a </span><a class="editor-rtfLink" href="https://www.cryptoknowmics.com/news/decentralized-computer-vs-decentralized-application-vs-decentralized-internet/" target="_blank" rel="noopener"><span data-preserver-spaces="true">decentralized</span></a><span data-preserver-spaces="true"> system to solve these problems. </span>
<h2><span data-preserver-spaces="true">Render Network is Solving These Problems</span></h2>
<h3><span data-preserver-spaces="true">Scalability of the Network   </span></h3>
<span data-preserver-spaces="true">Traditional render technique makes scaling GPU rendering power very challenging. What can be rendered locally on a network or even in the cloud has its limitations. It's hard to make efficient use of GPUs worldwide without a decentralized system to track and manage render jobs.   </span>
<h3><span data-preserver-spaces="true">The Network of Sleeping GPUs  </span></h3>
<span data-preserver-spaces="true">The most efficient rendering hardware, GPUs, are now standard on all phones and computers. However, there are numerous inefficiencies in the current system. When most users' GPUs aren't rendering their work, they're sitting idle, and a lot of potential power remains unused at that time.</span>
<h3><span data-preserver-spaces="true">A More Effective Use of GPU Power   </span></h3>
<span data-preserver-spaces="true">In </span><a class="editor-rtfLink" href="https://www.cryptoknowmics.com/news/all-you-should-know-about-the-proof-of-stake-pos-and-proof-of-work-pow-consensus/" target="_blank" rel="noopener"><span data-preserver-spaces="true">Proof-of-Work</span></a><span data-preserver-spaces="true"> (PoW), mining GPUs are employed to solve arbitrary arithmetic functions to provide the base power and security for their crypto networks. They consume a significant amount of GPU power. However, PoW mining is inherently inefficient and wastes GPU power. Render envisions a future where our Network is fueled by the work that GPUs were created to do: bringing creative concepts to reality.   </span>
<h3><span data-preserver-spaces="true">Digital Rights Management</span></h3>
<span data-preserver-spaces="true">Artists do not have a widely accessible storage space to store their work. Artists can hold and access their designs and creations using the RNDR network's blockchain and ledger-based storage system.</span>
<h2><span data-preserver-spaces="true">What is Render Network?</span></h2>
<img class="alignnone wp-image-227836 size-large" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/02/working-render-network-1024x441.jpg" alt="Working of Render Network" width="1024" height="441" />

<span data-preserver-spaces="true">The Render Network is a service that connects people who want to render their projects with others who have spare GPUs, which can be used for rendering purposes. Owners link their GPUs to the Render Network so that OctaneRender can accept and execute rendering jobs. Users submit RNDR to the individual performing rendering, and OTOY would earn a tiny fraction of the RNDR as compensation for facilitating the transaction and maintaining the Render Network.   </span>

<span data-preserver-spaces="true"><span style="font-weight: 400">After registering their idle GPUs on The Render Network</span>, these GPU owners become 'Node Operators' and earn RNDR Tokens. They accomplish this by accepting jobs from 'Creators' or users who need rendering services. Users transmit their files to the Render Network, assigned to Operators. Render earns a small percentage of the RNDR paid out to maintain the network and enable the transaction.</span>
<h2><span data-preserver-spaces="true">Tokenomics of RNDR    </span></h2>
<span data-preserver-spaces="true">RNDR Tokens and RNDR Credits are used to power the RNDR Network.   </span>
<h4><strong><span data-preserver-spaces="true">RNDR Token </span></strong><span data-preserver-spaces="true">  </span></h4>
<span data-preserver-spaces="true">RNDR token is an ERC-20 utility token used to power the RNDR Network's rendering operations. RNDR tokens, unlike RNDR Credits, can be bought and sold on exchanges, and Node Operators can earn them for work performed by them.  </span>
<h4><strong><span data-preserver-spaces="true">RNDR Credits</span></strong><span data-preserver-spaces="true">   </span></h4>
<span data-preserver-spaces="true">RNDR Credits are a simple way for new users or those inexperienced with Cryptocurrency to get started on the Network as they gain experience. RNDR Credits, unlike RNDR Tokens, can be acquired directly through the RNDR Portal on rndr.otoy.com using PayPal and Stripe.</span>

<span data-preserver-spaces="true">When a user acquires RNDR Credits, those Credits are backed by RNDR Tokens purchased from an exchange by the RNDR Team. This means that node operators are compensated in RNDR Tokens for their labor when a creator pays for a job using RNDR Credits.</span>

<span data-preserver-spaces="true">Since the public token sale in October 2017, 117,843,239 RNDR have been distributed out of a total of 536,870,912 RNDR.   </span>

<span data-preserver-spaces="true">RNDR circulating supply: 156m   </span>

<span data-preserver-spaces="true">RNDR total supply: 523 million   </span>

<span data-preserver-spaces="true">Max Supply: 536m RNDR</span>
<h3><strong><span data-preserver-spaces="true">Allocation of RNDR Tokens:</span></strong><span data-preserver-spaces="true">   </span></h3>
<span data-preserver-spaces="true">25% of the stock has been sold.   </span>

<span data-preserver-spaces="true">10% in the RNDR Reserve   </span>

<span data-preserver-spaces="true">65% held in escrow* (to ensure supply and demand flow back to the Network)</span>
<h3><strong><span data-preserver-spaces="true">Token Sale for RNDR  </span></strong><span data-preserver-spaces="true"> </span></h3>
<span data-preserver-spaces="true">The sale was split into two parts. The project began with a public sale on the Ethereum blockchain, which was followed by a private sale phase.  </span>
<h4><span data-preserver-spaces="true">The public sale took place in October 2017 </span></h4>
<span data-preserver-spaces="true">1 RNDR = $0.25 equivalent of the token in the public sale*   </span>

<span data-preserver-spaces="true">Bonus for the public Sale: 20% Genesis Bonus (Dec 5, 2018)   </span>

<span data-preserver-spaces="true">Vesting for the Public Sale: none   </span>

<span data-preserver-spaces="true">*For the token sale, the ETH/RNDR exchange rate was 1150 RNDR for 1 ETH. This was calculated using a 30-day weighted average of the price of ETH at the start of the sale.   </span>
<h4><span data-preserver-spaces="true">The private sale took place from January 2018 to May 2018 </span></h4>
<span data-preserver-spaces="true">1 RNDR = $0.25 value of the token in the private sale*   </span>

<span data-preserver-spaces="true">Bonuses for private sales range from 5% to 30%.   </span>

<span data-preserver-spaces="true">Vesting: none for a private sale</span>
<h2><span data-preserver-spaces="true">How Creators &amp; Node Operators Use Render Network </span></h2>
<span data-preserver-spaces="true">The Render Network functions as an automated marketplace where content creators (referred to as 'Creators') can submit GPU-based rendering tasks to be executed by Render's decentralized Network of GPU service providers (referred to as 'Node Operators'). </span>

<span data-preserver-spaces="true">OctaneRender is OTOY's GPU rendering software utilized in the Render Network.</span>
<h3><span data-preserver-spaces="true">Render users follow the steps listed below:   </span></h3>
<h3><strong><span data-preserver-spaces="true">Creating a job: </span></strong><span data-preserver-spaces="true"> </span></h3>
<span data-preserver-spaces="true">Using OctaneRender or a supporting plugin/integration, creators must submit their work in ORBX file format and provide essential parameters, including graphic resolution, output format, and sample size. Creators can also choose whatever service tier they want based on the priority of their job and the on-chain performance benchmarks and reputation scores of Node Operators.</span>
<h3><strong><span data-preserver-spaces="true">Uploading a job: </span></strong><span data-preserver-spaces="true">  </span></h3>
<span data-preserver-spaces="true">When a task is posted through Render's OctaneRender online interface, the Creator's assets are divided into independent files, which are then encrypted and hashed. It allows the Render protocol to detect and prohibit malicious behaviour. Creator's job specifications and payment terms are subsequently passed to a smart contract which broadcasts the relevant information throughout the Render Network.   </span>
<h3><strong><span data-preserver-spaces="true">Assigning a job:  </span></strong></h3>
<span data-preserver-spaces="true">Render's MTP protocol automatically allocates relevant assignments to Node Operators, based on each market participant's reputation scores and the Creators' specifications. Render will automatically evaluate a Node Operator's performance capabilities upon joining the Network and use this knowledge in its node benchmarking and assignment process.</span>
<h3><strong><span data-preserver-spaces="true">Completing a job:   </span></strong></h3>
<span data-preserver-spaces="true">Node Operators use OctaneRender to process each job provided to them. It allows them to provide Proof of Render work through their computational tasks. The contributions of Node Operators are linked to their OctaneRender identification, and task submission and rating are likewise made using OctaneRender.   </span>
<h3><strong><span data-preserver-spaces="true">Authenticating deliverables: </span></strong><span data-preserver-spaces="true">  </span></h3>
<span data-preserver-spaces="true">Creators may track the status of their Node Operators' renders in real-time and identify any processing issues or bad behaviour before the project is finished. These previews are watermarked until a job is verified and a Creator pays for completed work. The outputs of Node Operators are also encrypted.</span>
<h3><strong><span data-preserver-spaces="true">Making a Payment:</span></strong><span data-preserver-spaces="true">   </span></h3>
<span data-preserver-spaces="true">During a rendering task, escrow holds all render payments, and the RNDR tokens are delivered to Node Operators whenever a Creator manually checks that their job has been performed correctly. Based on current GPU supply and demand levels, Render Network receives a small proportion of the total RNDR needed to complete the job for facilitating the transaction and running the Render Network. Render Network's cut ranges from 0.5–5% of the total RNDR required to process the job. Creators can then instantly download or share their rendered assets on OctaneRender.</span>
<h2><span data-preserver-spaces="true">RNDR's Pricing Structure </span></h2>
<img class="alignnone wp-image-227838 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/02/rndr-pricing-1.png" alt="RNDR's Pricing Structure" width="867" height="296" />

<span data-preserver-spaces="true">RNDR has a multi-tier pricing structure dependent on speed, security, and cost. OctaneBench is a unit of labour that is tied to one RNDR Token or RNDR Credit. OctaneBench is a tool developed by OTOY that combines the computational capacity of any number of graphics cards into a single score. When creating a job, creators choose a tier based on speed, cost, security, and node reputation preferences.</span>

<span data-preserver-spaces="true">Tier 1 (Trusted): [NOT YET RELEASED] </span>

<span data-preserver-spaces="true">Tier 2 (Priority): Provides higher priority in the rendering queue, more power, and faster average speeds than Tier 3, allowing it to handle more extensive and more complex scenarios.</span>

<span data-preserver-spaces="true">Tier 3 (Economy): This option offers the most cost-effective rendering solution. Priority in the queue and the required node power are not guaranteed. </span>
<h2><span data-preserver-spaces="true">Team &amp; Advisors</span></h2>
<span data-preserver-spaces="true">Jules Urbach is the founder &amp; CEO of Los Angeles-based software company OTOY, Inc (develop OctaneRender, and the RNDR network) and its academy-award wining subsidiary, LightStage LLC, which aims to revolutionize 3D content capture, creation, and delivery. Charlie Wallace is the Chief Technology Officer of Render Network. There are a total of 10 members in the Render Network team.</span>
<h3><span data-preserver-spaces="true">RNDR advisors include:</span></h3>
<span data-preserver-spaces="true">J.J. Abrams, Chairman &amp; CEO of Bad Robot Productions </span>

<span data-preserver-spaces="true">Brendan Eich, Brave Browser and BAT (Basic Attention Token). </span>

<span data-preserver-spaces="true">David Vorick, CEO and founder of Sia</span>

<span data-preserver-spaces="true">Ari Emanuel, George Gilder, and Jennifer Zhu Scott are also advisors.</span>
<h2><span data-preserver-spaces="true">Conclusion</span></h2>
<span data-preserver-spaces="true">Render Network is solving major problems faced by creators during rendering. They have created a stable, reliable decentralized network for providing rendering services to users at a low cost. Octane Render makes the whole rendering process experience smooth for creators and node operators. </span>

<span data-preserver-spaces="true">As </span><a class="editor-rtfLink" href="https://www.cryptoknowmics.com/news/decentraland-project-review-virtual-world-owned-by-community/" target="_blank" rel="noopener"><span data-preserver-spaces="true">Metaverse</span></a><span data-preserver-spaces="true"> will become a significant part of our daily lives, Render Network will be the key player in providing rendering services for different metaverse projects. </span>

Render Network: offering low-cost GPU-based rendering solutions 

Many problems are faced during rendering, and Render Network has created a decentralized system to solve these problems in rendering.

Yash completed his graduation in b.tech (Computer Science ). Yash is passionate about applications of blockchain technology. Yash believes use of blockchain technology can transform our lives at a large scale. Yash daily reads articles, research reports and also  documentation of different protocols. Yash listen to podcasts to know the view of industry experts.

Render Network: offering low-cost GPU-based rendering solutions

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