RenderToken (RNDR) is a cryptocurrency that operates on the Ethereum blockchain and functions as a decentralized network for GPU rendering. Its main purpose is to facilitate the connection between artists and studios in need of GPU computing power and mining partners who are willing to rent out their GPU capabilities. Established in 2009 by CEO Jules Urbach, RNDR conducted its first public token sale in October 2017, followed by a private sale from January to May 2018. In this period, a total of 117,843,239 RNDR tokens were sold at a rate of 1 RNDR equal to $0.25 USD. The early adopters of RNDR were granted access to the RNDR Beta Testnet, where artists and beta node operators collaborated with the RNDR team to develop and test the network. The official public launch of RNDR occurred on April 27th, 2020.
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