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Artificial Intelligence (AI) and decentralized physical infrastructure networks (DePINs) are two high-growth areas within the blockchain industry. The former involves decentralized protocols and apps that leverage AI algorithms and computations to enable a wide variety of use cases, while the latter refers to solutions that enable a decentralized trade in computing resources over blockchain networks.
Render Network (RENDER) is among the leading projects at the junction of these two high-growth niches. The project, which started out on Ethereum (ETH) in 2020 but later moved to Solana (SOL), enables the decentralized trade in GPU computing power to facilitate the processing of graphics rendering and AI jobs. Since the beginning of its public access era in April 2020, Render Network has been among the most popular decentralized apps (DApps) for processing 3D graphics and animation rendering jobs.
In 2023, the project first added to its arsenal the specialization in AI computations, and later on made a pivotal transition from Ethereum to Solana, rebranding its native token from the original Ethereum-based RNDR to the Solana-based RENDER.
Key Takeaways:
Render Network (RENDER) is a decentralized app that supports the flexible trade in GPU computing resources over a blockchain network to enablecomputer rendering and AI computational processing.
Its platform was originally launched on Ethereum, but migrated to Solana in late 2023.
The project's native cryptocurrency, RENDER, is used to facilitate on-platform governance, for payments to access GPU processing power, and to reward payouts to GPU capacity providers and liquidity providers.