The Render Network, known for its RNDR token, has seen significant developments and shifts in its structure and operation. Initially established as a distributed GPU computing platform, primarily for rendering purposes, Render Network has evolved to become a crucial tool for artists seeking more affordable and efficient rendering solutions, particularly for complex 3D designs. This evolution aligns with the broader transition from classical web-based business models to blockchain-integrated systems, allowing for the renting of distributed power from various sources.

A key aspect of the Render Network’s development is its integration with Octane rendering software. Octane has been instrumental in aiding artists with their design work, particularly in the realms of film, animation, virtual reality (VR), and augmented reality (AR). This partnership highlights the practical applications of Render Network in real-world scenarios, enhancing its appeal and utility in various creative fields.

The network’s utility has expanded beyond rendering to support AI model training, leveraging its vast network of idle GPUs. This broadening of scope indicates Render Network’s ambition to become a more comprehensive GPU cloud service, offering decentralized access to computing power for a range of applications.

The RNDR token, central to the network’s economy, facilitates transactions within this ecosystem. It’s used by artists and other users to pay for rendering services and by GPU providers who receive RNDR tokens in return for their computational power. This creates a balanced and self-sustaining economic model within the network.

The Render Network has also gained attention in the broader tech and crypto communities, as evidenced by its mention at Apple events and conferences. This exposure signifies the network’s growing relevance and integration into mainstream technology discussions.

Financially, the RNDR token has experienced significant fluctuations in value, influenced by broader market trends and specific developments within the Render Network. These include positive catalysts like the Apple event mentions and the potential for increased GPU demand for AI training. However, the future growth and stability of the RNDR token and the Render Network as a whole depend on continuous development, execution, and adaptation to the competitive landscape of decentralized computing.

Tokenomics: Render Token (RNDR)

All transactions on the Render Network are priced in RNDR, the ex ERC-20 utility token used by Creators to pay Node Operators for on-demand GPU computing. The total quantity of RNDR tokens is limited to 536,870,912 tokens. RNDR was originally made available via a public token sale in October 2017, followed by a private sale from January to May of 2018. The public received 25% of the RNDR tokens, the RNDR Reserve received 10%, and the rest 65% are now kept in escrow to assist regulate the network’s supply and demand flow. The Render Network just released RNDR Credits, which allow Creators to buy rendering power on the network using PayPal or Stripe. These Credits are non-transferable and may only be used on the network. As a result, although the RNDR token will continue to be the primary method of exchange for the Render Network, the platform is developing new user-friendly ways for non-technical producers to use these decentralized services.

Burn Mint Equilibrium (BME)

The Render Network has introduced the Burn Mint Equilibrium (BME) emissions model on the Solana blockchain. This upgrade enables rendering and AI jobs to be paid on-chain using RENDER (formerly RNDR), the network’s upgraded token, which is now emitted and transacted on Solana, known for its high performance as a layer 1 blockchain.

Key points about this update include

1. RENDER Emissions: Initially, each epoch period will last 7 days before transitioning to 24-hour intervals once the network is fully upgraded. Emissions commenced on Wednesday, December 20th, and will be distributed as RENDER SPL tokens on December 27th, coinciding with the start of the next epoch. The first month’s full emissions are minted upfront each month.
2. First Year Render Network Emissions: At the end of each epoch, emissions will be distributed to separate wallets, including those for the Foundation, Node Operators, Liquidity Providers, and Artists. A significant portion of tokens is reserved for Year 1 Node Operator Emissions. Node Operators that complete approved jobs during an epoch will receive a relative share of the tokens based on their contribution.
3. Solana Wallet Requirement: Node Operators must have Solana-compliant wallets to receive emissions. The Render Client interface prompts users to add a Solana wallet. It’s crucial to use a trusted Solana wallet as it cannot be changed easily once set.
4. Compute Clients and Burn Process: Io.net will not be part of BME until full integration is complete. Initially, due to limited RENDER liquidity on Solana, tokens to burn will be batch purchased from OTOY at the end of the epoch, upgraded from RNDR to RENDER, and then burned. In the new year, native RENDER liquidity and automated burn will be integrated.
5. Ongoing Updates: The Render Network Foundation will continue to provide updates on the transition to Solana and subsequent developments in the coming weeks.
   This upgrade to the BME model on Solana aims to achieve an equilibrium between supply, demand, and infrastructure in GPU processing, providing a consistent pricing model for rendering and AI services.