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Highlights
- Render Token (RNDR) a distributed blockchain service aims to connect artists and studios to process high-quality Graphics Processing Unit.
- Built on the Ethereum blockchain, Render Token has been hogging the headlines of late since CEO Jules Urbach announced that Render is taking giant strides into the Metaverse.
- At the Solana Breakpoint Conference, Urbach announced the company’s plans to integrate Render Network with Solana blockchain and Metaplex.
Render Network (RNDR), a distributed blockchain service aimed to connect artists and studios to process high-quality Graphics Processing Unit (GPU). Built on the Ethereum blockchain, Render Network has been hogging the headlines of late since Jules Urbach, the CEO and founder of OTOY, announced that the company is taking giant strides into the Metaverse.
Why is Render crypto worth exploring?
At a Solana Breakpoint Conference, Urbach announced the company’s plans to integrate Render Network with Solana blockchain and Metaplex, an NFT minting platform. This has had investors all excited and is looking forward to the token and exploring its potential as a future form of investment.
Aimed at connecting artists and studios in need of GPU’s computing power, the Solana integration will help Render deliver high-performance without sacrificing security. The RNDR Token increased by 24.41% on Friday with a vast volume influx of 311.16%.
Also read: Why is Hokkaido Inu (HOKK) crypto grabbing eyeballs?
Why is Render so popular?
Operating on the Ethereum blockchain, Render is an ERC-20 utility token that helps artists seamlessly compute GPU power from node operators. Using a combination of manual and automatic proof-of-work consensus model, it verifies whether the art has been successfully rendered or not before the payment is released.
Artists on the Render Network can utilise the custom 3D metaverse-like NFT storefronts thanks to its partnership with Metaplex. Render has been successful and has already been used by many crypto artists such as Beeple. Render Network is also extensively used by Marvel and DC Comic book artist Alex Ross and Star Trek creator Gene Roddenberry.
A highly secure network backs it, which prevents hackers to steal their work. The work remains watermarked until the payment is successfully disbursed.
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Is it worth investing in Render?
With Metaverse catching up among the crypto enthusiasts, Render’s partnership with Solana will further enhances its growth. Render is currently placed at 240 as per its market cap on CoinMarketCap. At the time of writing (BST 12:11 pm), Render was trading at US $2.98 with a 24-hour trading volume of US $107,326,128. RNDR was up by 24.41% in the last 24 hours. RNDR is enjoying a live market cap of US $496,629,234 with a circulating supply of 166,433,964 RNDR coins.
With the growth of Metaverse and NFTs, RNDR crypto presents itself as a great investment choice. Its market trajectory seems to be going up, especially with the Solana integration, and it could help them gain grounds and become a big ballplayer in the Metaverse. Market experts are pretty bullish on the token, with it expected to gain growth by the price expected to grow over +141.45% in the next five years. For all you know, Metaverse could outgrow its current market size and could see RNDR crypto’s price reach US$240 or more by 2026.
