Render

Halal Rating :
Comfortable
Last Price $7.4 Last updated:
Rank 39
1D Change 0.11 %
Market Cap $3.81b
Circulating supply 517,697,727
Maximum supply 644,168,762

Crypto Overview

Categories
  • Art
  • Media
  • VR/AR
  • AI & Big Data
  • Distributed Computing
  • Collectibles & NFTs
  • Scaling
  • Video
  • Ethereum Ecosystem
  • Solana Ecosystem
  • Metaverse
  • Alameda Research Portfolio
  • Multicoin Capital Portfolio
  • Polygon Ecosystem
  • Web3
  • Generative AI
  • DePIN
  • CMC Crypto Yearbook 2024-25

Purpose and Utility

Render Token (RNDR) is the native cryptocurrency of the Render Network, a distributed GPU rendering network that connects artists needing rendering power with GPU owners who can provide it. The token facilitates payments between users who need rendering services and node operators who provide GPU computing power.

Business Model

The platform enables artists, designers, and studios to render complex 3D scenes and animations by leveraging a decentralized network of GPU power providers. Node operators earn RNDR tokens by contributing their computing resources to the network. This creates a legitimate marketplace for computing power with clear utility and value exchange.

Real-World Adoption

The Render Network has seen increasing adoption among 3D artists and animation studios. The network has processed millions of rendering jobs and has partnerships with major players in the 3D graphics industry. The platform shows consistent usage metrics and growing demand for its services.

Development Activity

The project maintains active development with regular updates to its core infrastructure. The team continues to enhance the platform's capabilities and has a clear roadmap for future developments. The project has strong backing from OTOY, an established company in the rendering technology space.

Token Distribution

The token distribution includes allocations for development, community growth, and network operations. While early investors and team members received token allocations, there are appropriate vesting schedules in place to align long-term incentives.

Crypto Impact

To assign a comfort level investing in Render from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Render.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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