Render Network (RNDR): A Pioneering Protocol in the Decentralized GPU Rendering Space
RNDR is a token associated with the Render Network, a blockchain-based, peer-to-peer network that aims to connect underutilized GPU power with users who require rendering power for various applications. It is one of several tokens currently held within the Index Coop’s Metaverse Index (MVI).
July 4, 2023
The Render Network (RNDR) is a blockchain-based, peer-to-peer network that aims to connect underutilized GPU power with users who require rendering power for various applications, including 3D animation and augmented reality. Users can leverage the network to complete rendering tasks more quickly and affordably than traditional cloud-based services.
What is RNDR?
The RNDR token, an ERC-20 token, is used as the currency within the Render Network, allowing users to pay for rendering services and to be compensated for providing GPU power.
Who Created RNDR?
The Render Network was created by OTOY, a Los Angeles-based company that specializes in holographic and 3D content. The CEO of OTOY is Jules Urbach, who is a recognized leader in the field of digital graphics, streaming, and 3D rendering with a long-standing history in the industry.
RNDR Governance and Tokenomics
RNDR tokens serve multiple functions within the Render Network. They are used to pay for rendering services, reward users who provide their GPU power, and participate in the network's governance. The total supply of RNDR tokens and their distribution model is yet to be determined.
Why is RNDR included in MVI?
The objective of MVI is to reflect the trend of Metaverse and Gaming activities in virtual economies powered by blockchain technology and NFTs, replacing the previous objective of capturing entertainment, social activities, and businesses in virtual economies powered by blockchain technology and NFTs.
The potential value of RNDR lies in the growing demand for rendering services and the innovative approach of the Render Network in providing a decentralized solution for this demand. Further research is needed to provide more detailed information about the market size and performance of RNDR. RNDR meets all of MVI’s inclusion criteria.
How can I gain exposure to RNDR?
You can gain exposure to RNDR by buying MVI tokens on various cryptocurrency exchanges. You can buy MVI directly from the Index Coop by connecting your wallet to the Index Coop app
If you’re looking to exchange a fiat currency, like the U.S. dollar, directly for MVI, then you’ll want an Ethereum wallet like Argent, Metamask, or Rainbow. With each of these wallets, you can connect to your bank account or debit card, which allows you to exchange fiat currencies directly for Index Coop products like MVI.
What is MVI?
The Metaverse Index (MVI) is designed to capture the trend of entertainment, social activity, and business moving to take place in virtual economies powered by NFTs and blockchain technology. The MVI uses a combination of the square root of market cap and DEX liquidity to arrive at the final index weights.
As a bundled crypto asset, you effectively own all of the underlying tokens. You can redeem your units of MVI for the underlying tokens, a feature of traditional structured products that are typically reserved for large institutional investors.
About Index Coop
Index Coop is a decentralized autonomous organization (DAO) that powers structured decentralized finance (DeFi) products and strategy tokens using smart contracts on the blockchain. We offer a suite of sector-structured products, leverage and inverse products, and yield-generating products. We aim to create products that are simple to use, accessible to everyone, and secure.
Our products are built on Index Protocol, a good-faith fork of Set Protocol v2 that allows for the creation and management of Ethereum-based (or ERC-20) tokens. Among users, partner protocols, and our composable products, Index Coop maintains one of the largest partnership networks in the DeFi ecosystem.
Disclaimer: This content is for informational purposes only and is not legal, tax, investment, financial, or other advice. You should not take, or refrain from taking, any action based on any information contained herein, or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. Before you make any financial, legal, technical, or other decisions, you should seek independent professional advice from a licensed and qualified individual in the area for which such advice would be appropriate. This information is not intended to be comprehensive or address all aspects of Index or its products. There is additional documentation on Index’s website about the functioning of Index Coop, and its ecosystem and community.
You shall not purchase or otherwise acquire our restricted token products if you are: a citizen, resident (tax or otherwise), and/or green card holder, incorporated in, owned or controlled by a person or entity in, located in, or have a registered office or principal place of business in the U.S. (defined as a U.S. person), or if you are a person in any jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized (together with U.S. persons, a “Restricted Person”). The term “Restricted Person” includes, but is not limited to, any natural person residing in, or any firm, company, partnership, trust, corporation, entity, government, state or agency of a state, or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of, a jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized).
