Distributed GPU/AI Render Network frame count and RNDR usage double compared to previous year

9 months ago 77

Expectations for distributed GPU and AI systems

Cryptocurrency Render (RNDR and RENDER), an artificial intelligence (AI) related protocol, increased its weekly gain to 25.4%. According to CoinMarketCap, it surged 8% in the past 24 hours to $4.67 (658 yen).

RNDR price (Japanese Yen) Source: CoinMarketCap

Render occupies a unique position in the AI market through its distributed GPU rendering network. Its core value proposition is to connect artists and studios that need the power of GPU computing with mining partners willing to provide GPU resources.

Render is taking a unique approach to democratizing AI innovation within the framework of decentralized data sharing platforms. On November 2, 2022, Render Network announced the official transition from the Polygon ecosystem to the Solana ecosystem.

Render positions itself as a decentralized physical infrastructure network (DePIN) in the Web3 space, providing hardware infrastructure for areas such as rendering and AI. In that respect, Render is being hailed by some as the “NVIDIA of the Web3 world.”

Render price is down 47% from its all-time high (ATH) of $8.76, but there is hope that RNDR could retest its ATH as demand for the intersection of AI and cryptography increases. .

connection:What is the beneficial intersection of virtual currency and AI (artificial intelligence)?Mr. Buterin explains four cases

Ethereum co-founder Vitalik Buterin just said that AI and crypto can coexist because the large amount of data generated by AI systems requires the powerful storage technology that blockchain provides.

Source: 2023 Render Network Metrics Recap + Q4

The fourth quarter of 2023 showed significant annual growth in Render network activity. The number of frames rendered in Q4 2023 increased by 150% compared to the same quarter last year, from 2,083,781 frames in Q4 2022 to 3,026,317 frames in Q4 2023.

This increase in the number of frames is also clearly reflected in the usage of RNDR tokens. 498,733RNDR in Q4 2022 [ETH]RNDR was used, which nearly doubled to 1,074,045 RNDR in the fourth quarter of 2023.

connection:Coinbase selects artificial intelligence/GPU related stock “Render” as a new listing candidate, price +8.8% from the previous day

OTOY also releases Apple related products

Parent company OTOY (a major US cloud rendering company) is rumored to be partnering with Apple, and the Render Network logo appears multiple times in Apple’s official promotional videos. Octane X is compatible with the M1, M2, and the latest M3 high-performance chips on Macs and iPads, leading to speculation that Render will become a built-in rendering component of Apple software in the future.

Years in the making – explore 60 years of @StarTrek in hours of beautiful spatial experiences!

Available on the App Store and on the web at https://t.co/xnP0odfXWH !

Learn more at https://t.co/KEsBZOcEVs pic.twitter.com/sVcJ6VHAMF

— OTOY (@OTOY) February 2, 2024

With the transition to Solana, users will be able to transfer and upgrade their current RNDR tokens to RENDER for free for a limited time. All jobs (including 3D and AI) executed on the Render Network will be paid with a new token “RENDER”. A new burn-and-mint equilibrium (BME) token economic model will also be introduced. There is a possibility that a long-term balance between demand and supply will be achieved, and that there will be a shift to a “deflationary model” in which the supply of RENDER will further decrease.

connection:What is Render Network and virtual currency Render Token (RNDR) that efficiently utilizes GPU resources?