Render Token (RNDR)

The Render Network (RNDR): Decentralized 3D Rendering

The Render Network is a peer-to-peer GPU marketplace that lets users contribute computational power to 3D rendering projects and earn crypto in return. The Render Network is a blockchain and crypto-enabled project that enables individuals to contribute unused GPU power to help projects render motion graphics and visual effects. In return, users receive Render token (RNDR), the network’s native utility token. By creating a peer-to-peer (P2P) network upon which people and businesses can tap into underutilized computational power cheaply and efficiently, Render greatly simplifies the standard processes of rendering and streaming 3D environments and other visual effects. As a result, the project is an essential building block for next-generation digital products and services in the metaverse.

3D Rendering Powers the Crypto Metaverse

From animated movies and online gaming to the crypto metaverse, most popular forms of digital entertainment rely heavily on motion graphics and three-dimensional (3D) visual effects. 3D graphics also have a variety of industrial applications ranging from product prototyping and simulation to scientific and architectural visualization. Growing demand for high-definition user experiences has also greatly increased the need for 3D rendering, which is the process by which a device’s graphics processing unit (GPU) converts a 3D model into a visual display with texture and detail. This process of converting data into visual 3D graphics requires complex algorithmic calculations, and rendering is arguably the most important and computationally difficult step of the 3D graphics creation pipeline.

The 3D rendering process is further complicated when graphics need to be generated in real-time, as is the case in digital games and virtual reality (VR) environments. As the demand for immersive digital worlds grows, so will the need for the complex computations that make those worlds possible.

What is RNDR? Crypto for On-Demand GPU Rendering

Render is a platform that lets users contribute unused GPU power from their home devices to help projects render motion graphics and visual effects. In exchange, they earn Render token (RNDR), the native utility token of the Render Network. By creating a peer-to-peer (P2P) network upon which people can tap into underutilized computational power cheaply and efficiently, Render greatly simplifies the traditional processes of rendering and streaming 3D environments and other visual effects.

The Render Network solves for three main pain points for its end users:

Scalability: One of the core benefits of Render is its scalable GPU rendering network can be spun up to any size to meet user demands. Render’s decentralized network relies on an automated reputation and job assignment system that can scale with the needs of any project. Render’s open network of vetted rendering service providers presents an efficient alternative to costly localized market solutions.

Optionality: Render Network users have more options, whether they are commissioning a job or farming out their excess GPU power. This allows for enhanced operational efficiency across the board. Many motion graphic artists and businesses that rely heavily on 3D rendering and modeling are hesitant to spend enormous amounts of money on data centers filled with GPUs, particularly since GPUs often become outdated and must be replaced every few years to keep up with the latest data processing requirements. GPU units also require a significant amount of electricity to operate, and many 3D graphics creators and users are based in expensive urban centers with high utility costs.

IP protection: Render provides an effective digital management system built atop blockchain-enabled record-keeping and encryption and OctaneRender-based service completion and scoring. Most existing service options rely on centralized platforms that can censor or delete user data without warning, but Render leverages the immutability of blockchain technology to ensure that creator’s rights are protected throughout their entire creative lifecycle.

Render Network’s Proof-of-Render (PoR) Governance System

The Render Network is built on the Ethereum blockchain and OctaneRender, a rendering application developed by OTOY, which is the graphics software company behind the Render Network. The project’s data verification and payment processes rely on Ethereum, and the 3D rendering work is facilitated and completed using OctaneRender in conjunction with the open source ORBX media and streaming framework for additional rendering efficiency.

Render relies on a multi-tier pricing (MTP) protocol that uses users’ reputation scores to determine job allocation and ensure high service quality. Customers (Creators) can choose from three tiers: Tier 1 (Trusted Partners), Tier 2 (Priority), and Tier 3 (Economy). Tier 1 services are generally completed by more reputable GPU rendering service providers (Node Operators) who charge a higher fee. Creators receive a reputation score based on Node Operator feedback, which determines how many concurrent nodes they can access at any given time. In other words, Creators’ reputation scores influence how quickly their requested tasks will be completed. Similarly, only Node Operators with high reputation scores are allowed to process higher tier jobs, which pay out more RNDR tokens, and top-rated Node Operators are assigned jobs more quickly via Render’s automated job-matching algorithm.

This tiered configuration provides the foundation for the Render Network’s Proof-of-Render (PoR) governance system, which relies on a combination of automated and manual inputs to determine user reputation scores. PoR resembles Proof-of-Work (PoW) in that Node Operators spend computational resources in order to earn crypto tokens, but in Render’s case Node Operators use their computational power to complete complex VFX/3D rendering services instead of solving math puzzles. Render’s pricing algorithms automatically update periodically based on the amount of compute work Node Operators receive based on changes in GPU performance, the current price of GPU cloud rendering from other providers, electricity costs, and network supply and demand patterns.

Every Render Network user has a unique identifier tied to their OctaneRender account, which has built-in Know-Your-Customer (KYC) requirements to prevent fraud and duplicate accounts. Once a job is live, Creators can use OctaneRender to review their Node Operators’ rendering progress in real time and identify processing abnormalities before their job is completed. Creators can review and score Node Operators’ final deliverables frame by frame or in batches, and their feedback will impact the involved Node Operators’ scores. Additionally, the Render Network automatically evaluates active jobs by comparing a Node Operator’s computational potential and a job’s stated requirements, penalizing inefficient Node Operators and rerouting their jobs if there are large disparities between the Node Operator’s OctaneBench service potential and actual output quality.