12/07/2018 17:54:47

Bringing Sophisticated Rendering Tools to the Masses, Blockchain-Based Rendering Platform RNDR Available Now

LOS ANGELES, July 12, 2018 (GLOBE NEWSWIRE) -- Built on the mission of accelerating an immersive, virtual future, pioneer in blockchain-based rendering, RNDR, has officially launched Phase II of its platform to the public. RNDR is developed by leading cloud-based graphics rendering firm OTOY, and is the first network to transform the power of GPU compute into a decentralized economy of connected 3D assets. By leveraging a distributed network of idle GPUs across its peer-to-peer network, RNDR makes it possible to scale rendering speed and simplify the transactional process of rendering and streaming 3D environments, models, and objects. RNDR’s team and advisory board is comprised of notable players such as Hollywood director and producer J.J. Abrams, founder of Brave and Basic Attention Token Brendan Eich, and famed talent agent Ari Emanuel.

Jules Urbach, CEO of OTOY said, “Content creation is moving faster than ever and artistic work involving visual elements has reached a degree of detail, subtlety, and complexity that was impossible to foresee a couple of decades ago. Along with the technologies that enable stunningly realistic images, the applications of visual content continue to expand and diversify. As the growth in demand for rendering services skyrockets, there are an increasingly large amount of market segments competing for these limited resources, and the solution to that problem is what we’ve built with RNDR.”

The Render Network creates a mutually beneficial marketplace between graphics creators and users who choose to lend their idle GPUs to power the network. Through the RNDR platform, creators gain access to a decentralized version of OctaneRender Cloud (ORC), OTOY’s premier cloud rendering service, and can choose preferences for the job including specifications around the render target, preferred resolution, number of samples, and number of frames. The network allows for any anonymous individual to lend their GPU to perform rendering tasks in exchange for RNDR tokens while providing as little information as a cryptocurrency wallet address.

Kalin Stoyanchev, Head of Blockchain/Project Lead of RNDR said, “Currently less than 1% of the world’s GPU power is accessible to creators, leaving a huge gap of wasted idle computing power in addition to stifling innovation and prohibiting the creation of incredible complex graphics. Our goal is to have the demand covered with no expense in terms of hardware, allowing for accessible costs and the democratization of rendering resources and with today’s launch of the Render Network, we are taking a significant step toward providing access to exponentially more computing power, at a more affordable cost to creators, with the utmost security of their digital assets ownership.” 

Once a rendering job begins, a creator’s payment of RNDR tokens will be held in escrow until the job is completed, at which time tokens will be approved for withdrawal. Throughout the rendering process, users can watch the status of a job and updates of the render, such as scene previews, or maximize the preview mode to see better details in the image. As the job progresses, RNDR token usage increases, and once the job is complete, frames can be downloaded and the token transfer occurs.

Following today’s launch, RNDR’s next phase of development will be devoted to expanding its global partnerships and growing the platform to reach rendering-streaming through smart contracts and blockchain technology.

For more information, please visit www.rendertoken.com.

###

About RNDR:

From the creators of leading cloud graphics company, OTOY, RNDR transforms the power of GPU compute into a decentralized economy of connected 3D assets. Powered by the Ethereum blockchain, RNDR provides content creators, scientists, and anyone else requiring complex rendering activity with a secure and affordable solution.

Attachments

  • mHUwy8WQ

  • Nicole Pfeifer

    Wachsman

    917-900-8576

    nicole@wachsman.com

    Post comment

    Related debate

    • 1 week
    • 1 month
    • 1 Year
    19 Sep
     
    Jeg har været med som skribent her på EI siden 2012 og jeg har haft mange gode øjeblikke ved at være..
    62
    20 Sep
    VWS
    Vestas aktien fylder en del i min portefølje, hvorfor jeg følger den tæt. Jeg var dog selv tidligere..
    32
    16 Sep
    OMXC25
    Putin kan lukke samtlige banker i Europa blot ved at sende nogle penge igennem dem, og bagefter lækk..
    29
    18 Sep
    BIOPOR
    BioPorto - InvestorDagen 18.september 2018 Jeg deltog til præsentationen af BioPorto ved CFO Ole ..
    24
    20 Sep
     
    Danmark forærer 12mia kr væk til svindlere - med hjælp fra et par fordrukne ansatte i skat. Så stort..
    20
    18 Sep
    PNDORA
    .....lyder ikke for klogt. Nu har vi været under pres fra shortere i lang tid i Pandora som fik bank..
    20
    20 Sep
    DANSKE
    Erhversministeren mener at hvidvaskskandalen er "en af de største skandaler i danmarkshistorien" og ..
    16
    15 Sep
    DANSKE
    ...og jeg kan supplere, man skal ikke tro på mennesker der er maniske eller totalt besatte af en giv..
    16
    16 Sep
    BAVA
    Bava var sat op til en næsten perfekt IHS, der ville sende den op i ca. 225.   Men så kommer der lig..
    14
    20 Sep
    PNDORA
    Til jer der foelger Pandopra smider jeg lige et link til en god Forbesartikel der giver et godt indt..
    13

    HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

    22/02/2018 10:54:53
    FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

    Rathbone Brothers Plc : Preliminary announcement of 2017 results

    22/02/2018 07:00:19
    Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

    Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

    Related news
    21/02/2018 15:25:10
    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

    Most read news

    • 24 hours
    • 48 hours
    • 1 week
    1
    Melinta Therapeutics Receives Positive CHMP Opinion for Vabomere™ (meropenem and vaborbactam)
    2
    The observation status for Skånska Energi AB is updated (344/18)
    3
    Carlyle Announces Pricing the Tender Offer for up to $250 Million 3.875% Senior Notes due 2023
    4
    AMG Advanced Metallurgical Group N.V. Completes Multi-Year Agreement for 100% Renewable Energy Contract for UK Operations
    5
    Precipio Enters into Exchange Agreement to Restructure Remaining Legacy Accounts Payable for approximately 20% of Original ~$5M

    Buy and sell signals

    • Trend
    • Moneymachine

    Copyright Berlingske Media 2018  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
    Quote information is delivered by Morningstar.
    Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
     
    22 September 2018 05:07:56
    (UTC+00:00) Dublin, Edinburgh, Lisbon, London
    Version: LiveBranchBuild_20180919.1 - EUROWEB6 - 2018-09-22 06:07:56 - 2018-09-22 05:07:56 - 1000 - Website: OKAY