What is Render Network ? $RENDER price prediction
logan shippy logan shippy
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 Published On Aug 6, 2024

What is Render Network ? $RENDER price prediction

Render Network is a decentralized GPU network designed to alleviate the GPU shortage by utilizing idle computing power.

Render Network is already being used for immersive live events, movies, shows, digital art, etc.

$RENDER token is the native token, and it's used to pay for rendering jobs on the platform.

$RENDER is a deflationary asset because of the burn and mint equilibrium, also known as BME.

All content generated on Render Network is priced in US dollars, and upon completion of the rendering service, the creator burns the equivalent amount of Render tokens, which then reduces the overall token supply.

Check out the real time burn here:
https://stats.renderfoundation.com/

Render Network has announced partnerships with companies like Stability AI to develop and standardize IP rights, production workflows, and infrastructure around emerging AI technologies.

A partnerships with Blender is in the works, which could lead to millions of creators using the Render Network.

$RENDER is built on Solana ( $SOL ) , which is arguably the best blockchain in crypto.

$RENDER has actual utility / real world value.

$RENDER is UNDERVALUED!

$RENDER has been coined the "NVIDIA of Crypto"... the market cap of $NVIDIA is $3 Trillion , while the market cap of $RENDER is around $3 billion.

In my opinion, this is a catch up trade.

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