Render

Beam

Foundation

<div class="coinjournal">
 <ul>
 <li>Render (RNDR) price was up 5% in the past 24 hours and 52% in the past 30 days.</li>
 <li>The AI related crypto project has seen positive sentiment amid greater adoption of its technology.</li>
 <li>A community vote has also passed a proposal to onboard cloud computing platform Beam.</li>
 </ul>
 The <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Render rose sharply on Friday as the <a rel="noopener noreferrer nofollow" title="AI" href="https://thebittimes.com/tag/ai.html">AI</a> crypto token continued the outperformance seen this past week. RNDR traded more than 5% up to highs of $2.25 in the 24-hour period to the time of writing, with weekly and monthly g<a rel="noopener noreferrer nofollow" title="AI" href="https://thebittimes.com/tag/ai.html">AI</a>ns at 13% and 52% respectively. 
 Recent upward momentum has benefited from <a rel="noopener noreferrer nofollow" title="AI" href="https://thebittimes.com/tag/ai.html">AI</a> hype driven by forecasts from m<a rel="noopener noreferrer nofollow" title="AI" href="https://thebittimes.com/tag/ai.html">AI</a>nstream companies, including Microsoft, Nvidia and Palantir.
 <h2 id="span-style-font-weight-400-rndr-price-up-as-community-votes-for-key-proposal-span">RNDR price up as community votes for key proposal</h2>
 Render’s upside appears to have defied likely sell-off pressure after on-chain data revealed FTX/Alameda had moved over 974k RNDR tokens. While the transfer of the tokens, valued around $2 million at the time, was probably for selling purposes, the market’s reaction kept bulls in control.
 This positivity for the altcoin also came after a community vote passed the RNP-005: Beam Compute Client proposal.
 As the Render Network X account shared early Friday, the core proposal submitted on October 23 had passed. RNP-005 saw 1.4 million RNDR, or 99.79% of votes, support the onboarding of cloud platform Beam, which could become the second Compute Client leveraging Render Network’s GPUs for machine learning (ML) workloads.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 The community vote for RNP-005 is now closed. The proposal has been passed with 1.4M RNDR (99.79%) for approve and 2.9K RNDR (.21%) for Deny.
 The proposal now moves onto "Render Network Team Review." If it passes technical feasibility the Foundation will post the final RNP-005… pic.twitter.com/JyUeev4zNj
 — The Render Network (@rendernetwork) October 26, 2023
 </blockquote>
 
 Beam’s cloud platform allows for the accelerated development and deployment of AI operations with GPUs. This will be possible without managing infrastructure, the proposal notes.&nbsp;
 As such, integrating with this platform will enable Render’s decentralized GPU network to power the ML workloads. It’s a development that could see Render broaden its utility, with demand a factor for RNDR.
 With the community vote closed, the proposal has moved to the next stage of “Render Network Team Review.” If RNP-005 passes technical feasibility at this stage, the Render Foundation will move to publish the final vote – expected on Wednesday, next week.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/render-rndr-price-rallies-as-community-passes-key-proposal-tbt68145.html">https://thebittimes.com/render-rndr-price-rallies-as-community-passes-key-proposal-tbt68145.html</a>

Render (RNDR) price rallies as community passes key proposal

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