THE RENDER NETWORK

Render Network Upgrades to On-Chain Emissions Via Burn and Mint Equilibrium Model

Retrieved on: 
Wednesday, December 20, 2023
Work, Ecosystem, BME, AI, GPU, Burn, Cryptocurrency

GRAND CAYMAN, Cayman Islands, Dec. 20, 2023 /PRNewswire-PRWeb/ -- The Render Network Foundation, a Cayman-based, non-profit organization dedicated to advancing Render Network, the world's leading decentralized compute network, today implemented a new a Burn and Mint Equilibrium (BME) model, following a successful community vote. The upgrade allows rendering and AI jobs to be paid on-chain in RENDER (previously RNDR), the network's recently upgraded token, which now is emitted and transacted on Solana, a performant layer 1 blockchain.

Key Points: 
  • Render Network Completes Move To Solana, Introduces Emissions Model
    GRAND CAYMAN, Cayman Islands, Dec. 20, 2023 /PRNewswire-PRWeb/ -- The Render Network Foundation , a Cayman-based, non-profit organization dedicated to advancing Render Network, the world's leading decentralized compute network, today implemented a new a Burn and Mint Equilibrium (BME) model, following a successful community vote .
  • By employing this model, Render Network aims to provide an ideal balance between supply, demand, and infrastructure in GPU processing.
  • The implementation of the Burn and Mint Equilibrium model represents a significant milestone towards realizing this vision," said Jules Urbach, founder and architect of the Render Network.
  • Emissions and Incentives for Network Participants: Predictable token emissions within the BME model incentivize GPU suppliers to serve the network's growing demand.

Render Foundation Announces Compute Client Incentives of 1.14M RNDR

Retrieved on: 
Friday, November 3, 2023
LLM, Breakpoint, Growth, SDK, Partnership, Machine learning, GPU, ML, AI, Graphics processing unit, Cryptocurrency, Video game

GRAND CAYMAN, Cayman Islands, Nov. 3, 2023 /PRNewswire-PRWeb/ -- The Render Network Foundation announced that Render Network, the world's leading decentralized compute network, will distribute up to 1.14M RNDR to new node operators that join the Render Network via Compute Clients. This amount is allocated for the first year of emissions post migration to Solana, and the first Compute Client partner for this initiative is io.net.

Key Points: 
  • Render Foundation Announces 1.14 Million RNDR Incentive Program for Node Operators on io.net and Other Compute Clients, Node Waitlist Open
    GRAND CAYMAN, Cayman Islands, Nov. 3, 2023 /PRNewswire-PRWeb/ -- The Render Network Foundation announced that Render Network, the world's leading decentralized compute network, will distribute up to 1.14M RNDR to new node operators that join the Render Network via Compute Clients.
  • This amount is allocated for the first year of emissions post migration to Solana, and the first Compute Client partner for this initiative is io.net .
  • The Render Network Foundation has committed to distributing 300K of the 1.14M total RENDER by December 31st as incentives for new GPU node operators joining as Compute Clients.
  • "We're thrilled to welcome new node operators to the network from external Compute Clients," said Ryan Shea, Advisor to the Render Foundation.

Render Network Completes Its Successful Upgrade To Solana

Retrieved on: 
Thursday, November 2, 2023
SPL, Non-fungible token, Upgrade, Ecosystem, Machine learning, Render, Nifedipine, Wormhole, Cryptocurrency, Ethereum, Solana

GRAND CAYMAN, Cayman Islands, Nov. 2, 2023 /PRNewswire-PRWeb/ -- The Render Foundation announced that the Render Network, the world's leading decentralized compute network, has successfully upgraded its core infrastructure from Ethereum to Solana. RNDR token holders can now migrate tokens from the Ethereum blockchain to the Solana blockchain using the Upgrade Assistant at upgrade.rendernetwork.com.

Key Points: 
  • GRAND CAYMAN, Cayman Islands, Nov. 2, 2023 /PRNewswire-PRWeb/ -- The Render Foundation announced that the Render Network , the world's leading decentralized compute network, has successfully upgraded its core infrastructure from Ethereum to Solana.
  • To help facilitate a swift and successful upgrade, the Render Foundation has allocated up to 1.14 million RNDR in grants to subsidize user transfer fees on Ethereum associated with the upgrade.
  • The Render Network Upgrade Assistant uses Wormhole's cross-chain messaging protocol to facilitate the transfer of assets between Ethereum and Solana, ensuring a safe and trustless upgrade process.
  • Immediately following the upgrade, the Render Network is scheduled for another upgrade that will introduce Burn-Mint-Equilibrium for the new SPL-based RENDER tokens.