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Render Token

RNDR

RNDR to GBP Price

£6.11

Render Token Market Cap

£2.31B

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RNDR GBP price chart / performance

RNDR GBP price chart / performance

Risk warning|
From
Feb 25, 2024
To
Mar 3, 2024

Returns

Returns

Return (24h)
+1.13%
Return (7D)
+3.80%
Return (1M)
+59.65%
Return (1Y)
+440.98%

My Investment

My Investment

Profit Taken
£0.00
0%
Profit/Loss
£0.00
0%
You Have:

Render Token (RNDR) History and Overview

Render Token (RNDR) History and Overview

Render (RNDR) is a decentralized peer-to-peer network that leverages the underutilized graphics processing units (GPUs) of its users to provide digital rendering services. This innovative platform addresses the inefficiency in the GPU market by allowing users with idle computing power to rent it out to those in need of additional resources for tasks such as video processing, gaming, NFT creation, or metaverse development. Similar to how Storj operates with digital storage, Render utilizes blockchain technology to distribute processing power instead of storage space. The live Render Token to GBP conversion is £ 6.07.

Founded in 2017 by Jules Urbach, who also established the cloud graphics company OTOY, Render was initially built on the Ethereum blockchain. OTOY, known for its contributions to movie making, video game development, and virtual reality, has been instrumental in running Render. The platform aims to democratize and decentralize the process of building mixed reality experiences and streaming 3D environments. In January 2023, the strategic management of Render was transitioned to the newly established Render Network Foundation, although OTOY and other partners like Swatchbook and MR Studios continue to support the project with engineering and development services.

Render operates by pairing computers (nodes) with available GPU power with creators who require rendering services. This matchmaking process is facilitated through the Render network, where creators submit jobs and pledge RNDR tokens based on the job's requirements. Render offers different pricing tiers, allowing creators to choose between cost and speed according to their needs. Jobs are assigned to node operators based on the creator's reputation and the node operator's reliability. Once a job is completed, it is returned to the creator for approval. It's important to note that while transactions on the Render Network are recorded on the blockchain, the actual job details and completion are handled off-chain.

In an effort to refine its token economics, the Render community voted in January 2023 to implement a burn and mint equilibrium (BME) mechanism. This system ensures that all Render jobs, priced in fiat, require creators to purchase RNDR tokens, with 95% of these tokens being burned and 5% allocated to the Render Network Foundation. The protocol then mints new tokens to compensate node operators for their contributions. This model positions RNDR as a commodity asset with a controlled supply, potentially leading to deflationary pressure depending on network usage.

The RNDR crypto token, originally an ERC-20 token on Ethereum, serves multiple purposes within the Render ecosystem. It is primarily used to facilitate payments for rendering jobs through the BME mechanism and enables token holders to participate in community governance via a DAO. With a theoretical maximum supply of approximately 644 million RNDR tokens, the introduction of the BME mechanism signals the community's intention to make RNDR deflationary over time. The current price of 1 RNDR in GBP is £ 6.07.

Render stands out in the blockchain space by connecting individuals needing GPU power with those who have excess capacity, thereby facilitating a wide range of digital creation activities. Through its innovative use of blockchain technology, Render not only optimizes the utilization of GPU resources but also contributes to the broader development of the digital and mixed reality landscapes.

How To Buy Render Token or Add it to your Strategy

The fastest, most convenient way to purchase Render Token is to purchase it on ICONOMI. We check Render Token live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Render Token by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Render Token is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Render Token, we recommend you read the next section, as copying might be a better approach.

Add Render Token to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Render Token in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Render Token RNDR. See all Render Token price predictions in real time and make the best use of their crypto knowledge.

This week's CHAINLETTER - commentary and analysis on $BTC valuation, $RNDR , $UNI , ETF flows, on-chain behaviour (subdued), beneficiaries of the $ETH Dencun upgrade.


Lovely feedback from a subscriber this morning:


"Charlie, Just want to say that I subscribed to a dozens of letters but the one you wrote is the BEST out there. Thanks for pouring your blood and sweat into this gem of a letter. I truly hope millions read this on a regular basis."


It's a very long way from millions, but I hope you find something valuable in here!


Charlie

Post image
2 people like this
Jon Farmer CI
22 Feb, 2024

$NVDA came with good (impressive) results. $RNDR is reacting nicely, as it “somehow” has the connotation to be “the NVIDIA of Crypto”🚀.

The CEO of OTOY ($RNDR) Jules Urbach will be speaking about Render network and its roadmap at the NVIDIA GTC 2024 on March 20👍.


We are thus seeing a lot of developments pointing to strong demand for GPU and AI related “learning” in the (near) future.🫡

E.g.: it seems yesterday, NVIDIA has closed a partnership with Google: teams from both companies will be working closely together in an attempt to accelerate the performance of “Gemma”. Therefore, developers can run Gemma on NVIDIA’s GPU’s…


This all confirms our thesis and current allocation.


Links to the articles:

*https://www.nvidia.com/gtc/session-catalog/?search=S62088&tab.allsessions=1700692987788001F1cG#/

*https://blogs.nvidia.com/blog/google-gemma-llm-rtx-ai-pc/?ncid=so-twit-714717&=&linkId=100000243661261Like


3 people like this
Avatar
@JonFa
22 Feb, 2024

$NVDA came with good (impressive) results. $RNDR is reacting nicely, as it “somehow” has the connotation to be “the NVIDIA of Crypto”🚀.

the CEO of OTOY ($RNDR) Jules Urbach will be speaking about Render network and its roadmap at the NVIDIA GTC 2024 on March 20👍.

We are thus seeing a lot of developments pointing to strong demand for GPU and AI related “learning” in the (near) future.🫡

E.g.: it seems yesterday, NVIDIA has closed a partnership with Google: teams from both companies will be working closely together in an attempt to accelerate the performance of “Gemma”. Therefore, developers can run Gemma on NVIDIA’s GPU’s… This all confirms our thesis and current allocation.


Links to the articles:

*https://www.nvidia.com/gtc/session-catalog/?search=S62088&tab.allsessions=1700692987788001F1cG#/


*https://blogs.nvidia.com/blog/google-gemma-llm-rtx-ai-pc/?ncid=so-twit-714717&=&linkId=100000243661261

One person likes this
CARUS-AR
22 Feb, 2024

Rebalance to take $RNDR profits, it outperformed other holdings.

No changes in structure.

Post image
5 people like this
Jon Farmer CI
19 Feb, 2024

AI coins made some swift upward moves so far. Guess the launch of Sora triggered the momentum. Now I will swap a small portion of the $RNDR allocation to $LINK, $FIL and $DOT. For conservative reasons: keeping the balance in fit and because they have somehow "underperformed". Further will keep close eyeing everything within the AI, DePIN, decentralized computing narrative... Maybe adding an extra project later on, when price has retraced a bit. 

3 people like this

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Render Token Price FAQ

What Is the Highest Price of Render Token in GBP?

Render Token price UK history shows the highest value of 6.53 GBP . We recorded this price on March 1, 2024, but we cannot exclude that a higher price was registered before December 31, 2021.

What Is the Lowest Price of Render Token in GBP?
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What Is the Current Render Token Price UK in GBP?
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