Ethereum

Token

Render

Solana

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<a href="https://twitter.com/rendernetwork/status/1720058740416639435" rel="noopener noreferrer nofollow">Render Network</a>, a decentralized computing network, has successfully upgraded its core infrastructure from Ethereum to Solana. Token holders of RNDR can now migrate their tokens from the Ethereum blockchain to the Solana blockchain.&nbsp;
<blockquote>
 Announcement: we are live on <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@solana</a>. Upgrade to the SPL token at <a href="https://t.co/iqBE6QEQII" rel="noopener noreferrer nofollow">https://t.co/iqBE6QEQII</a>(Please, verify all links) <a href="https://twitter.com/hashtag/Breakpoint2023?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Breakpoint2023</a> <a href="https://twitter.com/hashtag/solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#solana</a> <a href="https://twitter.com/hashtag/RenderNetwork?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RenderNetwork</a>— The Render Network (@rendernetwork) <a href="https://twitter.com/rendernetwork/status/1720058740416639435?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 2, 2023</a>
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The Render Foundation has allocated up to 1.14 million RNDR in grants to subsidize user transfer fees on Ethereum associated with the upgrade to support a quick and successful upgrade.&nbsp;&nbsp;
The first users to upgrade will be awarded a share of the 1.14 million RNDR based on a points system, with cohorts ranging from 40 million to 220 million.&nbsp;
The upgrade assistant grant program will last three months, after which holders will have to pay their gas prices to migrate their <a href="https://u.today/ai-crypto-render-price-reacts-to-ftxs-974000-rndr-token-shift-details" rel="noopener noreferrer nofollow">RNDR</a> tokens to the Solana blockchain. To enable asset transfers between Ethereum and Solana, the Render Network Upgrade Assistant will use Wormhole's cross-chain messaging protocol.&nbsp;
Wormhole, a cross-chain messaging platform, reacted to the upgrade on X, noting that "over $1.2 billion in RNDR is migrating from Ethereum to native SPL on Solana via Wormhole."
Moving Render's core infrastructure to Solana would be a watershed moment, enabling substantial new features such as real-time streaming and dynamic NFTs.&nbsp;
The switch to <a href="https://u.today/solana-sol-rose-62-in-october-heres-what-might-further-its-climb" rel="noopener noreferrer nofollow">Solana</a> is projected to expand Render Network's capabilities into new areas such as machine learning and inference training, as well as unlock new usefulness through Solana's technologies, like compressed NFTs, on-chain order books and real-time oracles.
Following the upgrade, the Render Network will undergo another upgrade to implement Burn-Mint-Equilibrium for the new SPL-based RENDER coins. Other additions, such as new compute client functions, are scheduled to be included in the upcoming upgrade.

Crypto AI Token Render (RNDR) Migrates to Solana Blockchain

U_Today

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