Read

<p class="is-style-lead">Render Network has recently unveiled a new feature, coinciding with a 6% increase in its price in the last 24 hours. Render claims that this development reflects its ongoing commitment to enhancing its rendering platform and providing a seamless user experience.</p>



<p>Render token (<a href="https://crypto.news/price/render/">RNDR</a>) is the utility token for Render Network, a provider of decentralized GPU-based rendering solutions. RNDR, an ERC-20 token, facilitates payments for animation, motion graphics, and VFX rendering within the ecosystem.</p>



<p>The <a href="https://rendertoken.com/" target="_blank" rel="noopener">Render Network</a> operates through a collaborative system with three primary components: creators, node operators, and OctaneRender. Render claims that by leveraging their platform, creators can access an extensive GPU network, resulting in faster rendering times and reduced costs compared to traditional methods. </p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="Deep Dive into Render $RNDR: Worth it? Price Prediction" width="1020" height="574" src="https://www.youtube.com/embed/RLdjt_i2Ibs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>Node operators can utilize their GPU resources to contribute to rendering and earn RNDR tokens.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/render-token-becomes-the-top-gainer-amid-very-bullish-sentiment/" class="cn-block-related-link__link">
            RNDR token becomes the top gainer amid very bullish sentiment        </a>

    
</div>


<p>Render Network recently announced the integration of a new feature tailored exclusively for RNDR Jobs within the C4D plugin for Octane, a widely adopted rendering software. Render claims this development aims to improve the rendering workflow and provide a more efficient user experience.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">👀𝗘𝘅𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗢𝗥𝗕𝗫 𝗳𝗶𝗹𝗲𝘀 𝗵𝗮𝘀 𝗻𝗲𝘃𝗲𝗿 𝗯𝗲𝗲𝗻 𝗲𝗮𝘀𝗶𝗲𝗿!<br><br>The recent revisions to the C4D plugin for Octane include a brand new feature &#8211; an ORBX export command tailored exclusively for RNDR Jobs, available through the live viewer. ⬇️ <a href="https://t.co/lxp5r1PkV9" target="_blank">pic.twitter.com/lxp5r1PkV9</a></p>&mdash; Render Network | RNDR (@RenderToken) <a href="https://twitter.com/RenderToken/status/1660735844242563072?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading" id="price-analysis-and-market-outlook">Price analysis and market outlook</h2>



<p>At press time, RNDR&#8217;s price of $2.64 reflects an increase of 6.9% on the daily timeframe, according to data by Coingecko. RNDR has a market cap of $957.374,321 and a 24-hour trading volume of $136,139,030. </p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1402" height="792" src="https://crypto.news/app/uploads/2023/05/RNDR_1M_graph_coinmarketcap.jpeg" alt="RNDR token surges, as Render Network introduces new feature - 1" class="wp-image-14160016"><figcaption class="wp-element-caption">Render token price | Source: <a href="https://coinmarketcap.com/currencies/render-token/" data-type="URL" data-id="https://coinmarketcap.com/currencies/render-token/" target="_blank" rel="noopener">CoinMarketCap</a></figcaption></figure>



<p>RNDR&#8217;s bullish momentum so far illustrates a thriving ecosystem and growing interest from market participants.</p>



<p>Furthermore, RNDR has witnessed an impressive price surge of over 42% over the past seven days, showcasing its potential for future growth. The significant increase suggests that investors recognize the value and potential of RNDR within the rendering industry.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/render-gains-30-as-network-approves-news-staking-proposals/" class="cn-block-related-link__link">
            Render gains 30% as network approves new staking proposal        </a>

    
</div>

RNDR token surges, as Render Network introduces new feature

Table of Contents

crypto.news

Other articles published on May 23, 2023

How to Earn Crypto in Web3?

Discover the Hottest ICOs: Top 5 Picks to Watch

Massive Shiba Inu Burn; Suspicious Transaction of 1.2B Tokens Detected

A Delicious Celebration: 10,000 Pizzas Bought for 1 BTC on Bitcoin Pizza Day with Binance Pay

Dogecoin Surpasses Bitcoin and Litecoin with Record-Breaking Activity

What Is Tether USDT?

Join our free newsletter for daily crypto updates!