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Render Network's latest spotlight features Annibale Siconolfi, a grant recipient known for his vivid futuristic 3D art, exploring themes like global warming and overpopulation. (Read More)
Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon. Related Reading: Ethereum Targets Recovery: Can It Mirror Bitcoins Performance? From RNDR To RENDER Last year, the Render Network Foundation changed from Ethereum (ETH), where it was initially launched, to Solana (SOL). The move followed a community vote that passed two major upgrades for the Network. According to the announcement, the Solana switch was proposed for faster transactions, cheaper fees, and the project’s needs to achieve more ambitious goals with more on-chain data and transactions. The community also voted to rebrand the token from RNDR to RENDER, which would conclude in 2024. This month, the foundation informed users that many crypto exchanges, including Binance, Kraken, OKX, Crypto.com, and KuCoin, would automatically swap the RNDR tokens for the rebranded token on a 1:1 ratio. On Monday, the RNDR delisting from crypto exchanges began ahead of the scheduled migration on July 26. Exchanges halted most operations with the token, negatively impacting its performance over the week. Moreover, Whales seemingly contributed to the impact of the tokens price. Online reports revealed that some major holders sold their RNDR following the news, dragging the price from above the $7 support level to below the $6.5 price range. The token continued to plunge in the following days, dropping below the $6 mark, a 17% drop in four days. Nonetheless, the highly anticipated migration and listing of the new RENDER token seems to have kickstarted a price recovery. AI Token Skyrockets 17% Following Binance Listing The newly rebranded crypto AI token surged over 17% today after being listed by crypto exchange Binance. On Friday, the exchange announced that RENDER had been added to Binance Simple Earn, Buy Crypto, and Binance Convert. Additionally, it revealed that the Binance Margin and Futures options would be available today for the AI token. Meanwhile, the Auto-Invest option will be added on Monday, July 29. On that date, Kraken, the crypto exchange, will also list the RENDER and delist the RNDR. Investors and market watchers expressed their optimism over the rebrand and Binance listing. An X user claimed that, as the project begins this new era, the RENDER token with this fresh chart of around $6.5 lows has potential to reach unimaginable heights. Crypto analyst Coinboss considers that the token could do a flipperino if it has a clean break out above the $7 resistance level. A successful retest of the target could potentially lead the token to reclaim the $11 mark, further fueling a surge above RNDRs all-time high (ATH) of $13.53. Another pseudonym crypto analyst believes RENDER could reach $10 soon, stating, Thanks for the fud. See you above $10. Some users also consider that investors will regret not getting the greatest buying opportunity. Related Reading: Solanas Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin In the last 24 hours, the crypto AI token has seen a remarkable 140% surge in market activity, with $83.1 million daily trading volume. As of this writing, RENDER is trading at $6.89, a 15.6% rise in the past day. Featured Image from Unsplash.com, Chart from TradingView.com
Render Network reviews key metrics and milestones from Spring 2024 and reveals upcoming developments for the summer. (Read More)
Render Network now supports Blender Cycles, offering high-performance decentralized GPU rendering. This integration marks a significant milestone for the open-source 3D ecosystem. (Read More)
Explore how decentralized compute networks address the rising demand for AI applications, offering scalable solutions through consumer-grade GPUs. Learn about real-world use cases and industry partnerships. (Read More)
The Render Network Foundation's April 2025 report highlights ecosystem metrics, governance proposals, strategic partnerships, and product updates, showcasing the network's evolution in AI and 3D rendering. (Read More)
Render Token, an Ethereum-based distributed GPU rendering token, faced a sharp decline of 11% in its value today, marking a significant downturn in its price. This drop comes amidst a period of volatility in the cryptocurrency market, with investors closely monitoring developments within the ecosystem. According to data from Spotonchain, […]
Discover how Muhammet Altun utilizes blockchain and Render Network to innovate his Zen Blocks generative art series, enhancing scalability and visual complexity. (Read More)
Discover the latest trends in blockchain with Qubetics, Polkadot, and Render. Learn why they are the top cryptocurrencies to buy in 2025. Get insights on their innovations, price potential, and future outlook.
The post Qubetics with 506M Raised Becomes the Top Cryptocurrency to Buy in 2025, As Polkadot and Render Make Waves appeared first on Kanalcoin.
The Render Foundation enhances its leadership team by appointing Silvia Lacayo as Head of Marketing and Communications, and promoting Luke Duncan to Community and Governance Manager. (Read More)
In their report, “Crypto’s AI Mirage,” Coinbase Research has issued a nuanced examination of the intersection between artificial intelligence (AI) and crypto, revealing a landscape fraught with overvaluation and speculative fervor. David Han, an Institutional Research Analyst at Coinbase, spearheads this analysis, providing a critical lens through which the future of AI crypto tokens is scrutinized. AI Crypto Tokens Lack ‘Persistent Demand Drivers’ At the heart of the report is the assertion that the crypto-AI domain, despite its rapid expansion and the enthrallment it enjoys from investors and the public alike, confronts substantial obstacles that might thwart its adoption in the foreseeable future. “AI tokens have been buoyed by the broader crypto and AI markets but may lack persistent demand drivers in the short to medium term,” Han states, underscoring the precarious foundation on which these tokens’ valuations might rest. One of the report’s pivotal insights is the critique of decentralization as a standalone merit for AI products within the crypto sphere. “We generally think that decentralization is an insufficient competitive advantage for an AI product on its own it must reach feature parity with centralized counterparts in certain other key areas as well,” the report elaborates. This perspective challenges the prevailing narrative that decentralization inherently confers superiority, arguing instead for a balanced approach that considers other critical factors for success. Related Reading: Fetch.AI (FET) Price Gains Another 15% Following This Big News The analysis further articulates a “contrarian view” on the value potential of many AI tokens, suggesting that the market’s exuberance may be misaligned with the actual prospects of these ventures. “Our view is that the value potential for many AI tokens may be overstated… and that many AI tokens may lack sustainable demand side drivers in the short to medium term,” Han explains. This cautionary stance is informed by the rapid evolution of AI technology, which poses a double-edged swordwhile advancing the field, it also raises the barrier for crypto-based innovations to disrupt existing markets. Delving into the categorization of AI and crypto intersections, the report differentiates between AI applications that enhance the crypto industry and those aimed at disrupting traditional AI pipelines through decentralized methods. It acknowledges the clear benefits and potential for long-term promise in the former category. In contrast, it casts doubt on the latter’s value proposition, highlighting the formidable challenges posed by market competition and regulatory hurdles. Just Speculative Gambles? Despite these challenges, the report notes a paradox where AI tokens have outperformed benchmarks such as bitcoin, ether, and even major AI equities like Nvidia and Microsoft since the fourth quarter of 2023. “AI tokens generally benefit from strong associated performance in both the broader crypto market as well as related AI news headlines,” the report observes, suggesting that these tokens can act as proxies for AI progress, albeit potentially detached from their actual utility or adoption metrics. However, the speculative nature of this market is not lost on Coinbase Research, which warns of the risks associated with memetic speculation absent clear adoption forecasts. “A lack of clear adoption forecasting and metrics have enabled a wide range of memetic speculation which may not be long-term sustainable,” Han remarks, highlighting the precarious balance between price and utility in the AI token market. Related Reading: Crypto Analyst Unveils Top AI Trend And Coins This Bull Run In its concluding remarks, the report emphasizes the need for a judicious approach to navigating the crypto-AI landscape. It cautions against overreliance on decentralization as a panacea and advocates for a realistic appraisal of the challenges and opportunities that lie ahead. “Cryptos role in AI does not exist in a vacuum… Thus, supplanting centralized providers purely for the sake of ‘decentralization’ is insufficient,” the report concludes, advocating for a more nuanced and critical examination of how crypto can genuinely contribute to the AI domain. Render And WorldCoin Under The Microscope WorldCoin emerges as a case study in the report, illustrating how AI tokens’ valuations can be significantly influenced by market headlines and promotional activities, often detached from tangible developments within the project itself. “The fully diluted valuation of Worldcoin sits at $80B similar to that of OpenAIs $86B February 16 valuation…,” Han notes, pointing to the speculative dynamics that can inflate valuations irrespective of underlying fundamentals. He details that WorldCoin is perhaps the clearest example of AI tokens tracking AI market headlines. “It released its World ID 2.0 upgrade on December 13, 2023 that went mostly unnoticed, yet made a 50% move upwards following Sam Altmans promotion of Worldcoin on December 15,” Han remarked, adding that “OpenAIs Sora release on February 15, 2024 led to a nearly threefold gain in price despite no related announcements on Worldcoins Twitter or blog.” Regarding Render Network (RNDR), Han highlights that the decentralized computing (DeComp) sector of the crypto economy is meant to be an alternative to the centralized cloud computing model. He argues that crypto projects such as Render and Akash have benefited from the GPU supply crunch. However, he questions the long-term viability: For networks [like Render and Akash] where compute pricing can change based on supply and demand variations, it is unclear to us where persistent, usage-driven demand to native tokens will ultimately arise if supply-side growth outpaces that on the demand side. We think its likely that such tokenomic models may need to be revisited in the future. At press time, RNDR traded at $9.925. Featured image from iStock, chart from tradingView.com
This article is all about the Render price prediction. Will the RNDR price reach $20? Let's take a look at it.
Render Network founder Jules Urbach is slated to speak at the upcoming NVIDIA GTC 2024 conference in just 4 days, potentially boosting the price prospects for the RNDR token. Scheduled for March 18th, NVIDIA’s GTC is heralded as the paramount event of the year for aficionados of AI and GPU computing, marking a year filled with rapid developments in generative AI technologies and the rise of decentralized AI networks. Since the last GTC, NVIDIA has unveiled numerous groundbreaking advancements in AI, launching their high-performance HGX H200 GPU line, releasing new open-access Large Language Models (LLMs), and introducing Tensor Core AI acceleration into the popular RTX line of GPUs. This year, the conference will spotlight the Blackwell HPC chip architecture, anticipated to succeed the Hopper H200 GPU accelerators, and explore the nexus of immersive media and spatial computing, emphasizing the integration of the Open 3D standard OpenUSD with generative AI. Render Founder Presents AI Crypto Industry Jules Urbach’s return to the GTC stage for a live presentation, his first since before the COVID-19 pandemic, is particularly noteworthy since hes the only crypto founder invited to speak at this prestigious event. Having been a staple at GTC since 2010, Urbach’s insights into GPU technologies have been pivotal. [1/3] In prep for @NVIDIA #GTC24, take a minute to revisit this highlight where Jensen Huang discusses the impact of ChatGPT, Stable Diffusion, Dall-e, and Midjourney on the world of Generative AI at last year's GTC23:https://t.co/H8f21tRPex — The Render Network (@rendernetwork) March 14, 2024 Scheduled to present on March 20th, Urbach will deliver a talk titled “The Future of Rendering: Real-Time Ray Tracing, AI, Holographic Displays, and the Blockchain.” This presentation is set to offer an updated vision for the future of generative AI, spatial media, and decentralized GPU computing technologies. A focal point of the discussion will be on the convergence of decentralized computing, generative AI, and holographic technology, as demonstrated in The Archivean immersive spatial experience produced on the Render Network for Apple Vision Pro. Related Reading: AI Crypto Tokens Like Render, WorldCoin Are Overvalued: Coinbase Research The crypto community can anticipate Urbach sharing milestones achieved by Render Network, including technological advancements and significant projects completed using the platform. These achievements highlight the network’s capacity for professional-grade rendering tasks. Furthermore, Urbach’s presentation could outline the future roadmap of Render Network, detailing upcoming features, technological enhancements, and expansion plans that promise to revolutionize the rendering landscape. This years presentation promises to build on an iconic 2013 keynote presentation with NVIDIA Founder and CEO Jensen Huang where Jules unveiled the first cloud GPU rendering pipeline, the Render Network team said in a recent blog post. Related Reading: Render (RNDR) Climbs 60% This Month, Keeps Investors Upbeat With These Developments I think it will be one of my most relevant GTC talks, and a reflection of the next paradigm shift we are entering for distributed GPU systems, on par with the first one back in 2013 when I took the stage with Jensen to announce Renders centralized precursor (ORC) and then launched with AWS, Urbach stated looking ahead. Potential partnerships with NVIDIA and other industry giants could be an explosive topic of discussion, given NVIDIA’s leadership in GPU technology and AI. Such collaborations could further enhance Render Network’s capabilities, and importantly, boost the RNDR price massively. How Will RNDR Price React? Ahead of the event, increased attention on AI crypto tokens, particularly RNDR, is to be expected. This is likely to be accompanied by a “buy the rumor of an extended partnership” sentiment that will drive up prices. Ultimately, the decisive factor will be whether the Render founder can present a groundbreaking new partnership or whether it will be a “sell the news” event. If so, RNDR will most likely be able to reach a new all-time high. At the time of writing, RNDR was trading at $11.07, just below the all-time high of $ 12.71 set last Saturday, March 9. Featured image from YouTube, chart from TradingView.com
Render Network delves into the future of decentralized AI and DePIN at ETH Denver 2025, highlighting innovations in AI agents and decentralized compute. (Read More)
Render Token restarted bullish a few days ago after weeks of retracement. It has posted roughly 70% gains since it bounced back last week and shows no signs of weakness at the moment. As most altcoins dropped to their two-week low yesterday, RNDR remained calm and further added a few cents over the past 24 […]
The Solana blockchain has been proposed as the foundation for the burn-and-mint equilibrium [BME] model by Render Network, a decentralized GPU solution. The decision to expand to a new L1 is being made to help scale the network to meet its technical demands and implement the BME, as stated in the blog. After reviewing a […]
Render Network token (RNDR) has surged more than 44% over the past month, as the DAO voted on the Burn and Mint Equilibrium (MBE) framework. [...]
Render Token price has dropped over 6% making it the fourth largest loser over the last 24 hours despite the news that the protocol had [...]
There are dozens of Metaverse crypto coins on the market, each looking for its share of the emerging market. While some Metaverse crypto coins are building digital realms, others are working on offering a Metaverse service/platform. Today we look at our pick of the top three Metaverse crypto coins with a market cap below $400 […]
The post Top 3 Metaverse Crypto Coins With a Market Cap Below $400 Million appeared first on NullTX.
Famous NFT Artists are utilizing the Render Network’s services. Learn more about what the Render Network is all about. Covered: What Is The Render Network? How Does The Render Network Work? Partner and Team Tokenomics What Is The Render Network? The boom of NFTs, blockchain gaming, and the metaverse has increased the demand for rendering […]
The post What Is The Render Network? appeared first on CryptosRus.
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