Official Article: https://support.probit.com/hc/en-us/articles/360038277211-ProBit-Exchange-Lists-RenderToken-RNDR-

IMPORTANT: Please only send the new RNDR tokens from the correct contract address: 0x6de037ef9ad2725eb40118bb1702ebb27e4aeb24. Refer to migration details found in article here.

RNDR is partnering with ProBit, one of South Korea’s most reputable exchanges, to provide a liquidity solution for its users and bring the technology to the forefront of the blockchain space.

Additional Information:

The RNDR Network was built in 2017 on a ​patent​ for tokenized server-side rendering published in 2009 by OTOY, RNDR’s founding company. It is the first blockchain peer-to-peer GPU compute network that seamlessly scales across multiple GPUs. The RNDR network pools and coordinates decentralized GPU compute supply and demand, providing exponentially greater GPU cloud rendering capacity than what the centralized GPU cloud offers, and generates economic efficiencies that make holographic media production viable and scalable for the first time. In Q2 2019, OTOY released its Genesis Mainnet​ on Ethereum and scaled the network in Q3 and Q4 to early adopters. To date, RNDR has interest from over 14,000 high-end GPU nodes with access to more compute power than the total centralized GPU Cloud — including all of the instances on Google, Amazon, Microsoft and every other cloud provided combined.

RNDR will introduce a blockchain marketplace for exchanging and monetizing 3D media with non-fungible tokens providing tamper proof digital rights management (DRM) for holographic work. To make this possible, RNDR has developed technology partnerships with blockchain pioneers including B​asic Attention Token, Decentraland, Algorand, Sia, and Zeppelin Solution

Solving a key problem with RNDR

Rendering CGI intensive media requires exponentially more GPU infrastructure than what is currently available in the centralized GPU cloud, with demands for resolution, frame-rate, and photorealism growing at an accelerating pace. Analysts expect a roughly ​7x increase in total OLED display area in the next 10 years​, dramatically expanding the total footprint of digital content. On top of greater display area, resolution and pixel density are also growing at an increasing rate. In 2018 alone, screen resolution and pixel density grew over 60%, with the release of 2.5–3K mobile displays. Over the next few years, the advent of 4K phones and the first consumer 8K head-mounted devices and TV’s will more than quadruple high-end rendering requirements for traditional forms of consumption. Further, interactive 120 FPS content and 72K lightfield media require 16–32x the rendering power of HD media. Growth of next generation media has been slowed by a lack of GPU compute available and the prohibitively expensive costs of rendering on the cloud.

Meanwhile, cryptocurrency mining has a latent pool of over 2-million GPUs that are sitting idle without productive use due to the transition to more computationally efficient Proof-of-Stake protocols, the rise of FPGA and ASIC mining, and the increasing difficulty of block rewards. Cryptocurrency price volatility (combined with hardware obsolescence and power costs) make GPU mining unprofitable in many cases.

Without a stable source of work, these GPU resources sit idle and unused while at the same time there is unmet demand for GPU cloud rendering. New efficiencies in the coordination of GPU compute supply and demand are needed to make holographic media production widely available for the next generation of creativity — RNDR is making this possible.

RNDR has immediate real-world impact on industries across the rendering space. Star Wars Director J.J. Abrams is part of the RNDR team and advisory board, excited about the prospects of such a network solution. In regards to RNDR he states that “as technology continues to become democratized, more diverse and unique stories will be told. Worlds, familiar and extraordinary, will be created and distributed in ways that could not have been imagined a decade ago […] the fact that anyone can have access to near instantaneous rendering of photorealistic imagery is vaguely miraculous”. RNDR is unlocking pathways to creative production that have never been used before in the industry. Ari Emanuel, co-CEO of Endeavor (and also a key member of the advisory board) says that “entertainment, news, media, platforms and payments will be revolutionized by the blockchain”, adding that he is driving “media to go through the RNDR Network”, which is now fully functional on mainnet.

How does RNDR work?

RNDR uses blockchain distributed networking and smart contracts to align incentives for the first decentralized GPU rendering platform. By utilizing the RNDR Network, developers can choose to monetize their idle GPUs by performing renders in exchange for RNDR Tokens. Accumulated RNDR tokens can then be re-used within the network providing users with the ability to rapidly scaling on deadline or for compute intensive ultra high resolution rendering tasks. Additionally, these RNDR credits can be used for purchasing assets in the RNDR marketplace, or for reinvestment in the GPU marketplace. RNDR makes post-mobile holographic compute viable by having an instantaneously scalable solution for runnings jobs of any size, with any level of complexity and detail.

Unlike other cloud rendering services and distributed compute networks, RNDR deploys a workflow customly designed around its proprietary ORBX scene graph format developed over 10 years ago by OTOY. OTOY’s underlying technology allows for abstracting scene data from 3D software tools, allowing frictionless scaling across unlimited parallel nodes in a decentralized network. Further, the RNDR network is able to explode scenes into components and serve them to parallel nodes efficiently — optimally matching supply and demand to maximize overall network utility. These technology advantages built on OctaneRender, OTOY’s state of the art GPU rendering engine, provide the foundations for a sustainable competitive advantage and network effects. RNDR is the only end-to-end, blockchain based solution to rendering — from compute to render to format — that has been designed and built from the ground up by the same team, OTOY.

With its scene graph technology, RNDR is able to solve emerging digital rights challenges, providing a scalable tamper-resistant source of truth for complex 3D and holographic works. The network provides immutable and indisputable proof of asset rights and provenance, by storing ownership and transaction data on the blockchain. Users can prove that they executed their asset transaction through the system linking their product to their RNDR ID from their confirmed transaction on-chain. Studios can protect their content and assets — this includes 2D/3D objects, AR/VR scenes, and even full TV shows and movies. OTOY has been partnered with HBO, Disney and Warner Bros. for years, making its first announcements around their joint DRM work in 2013. Recomposition rights for remixing 3D assets, and non-fungible tokens for validating unique 3D assets will also be made possible by the RNDR protocol, for example, with our partner Decentraland in their virtual world settings. Emerging use cases will include limited edition holographic collectibles, timestamped early access streams, rare objects and collaborative open world media creation.

To simplify RNDR’s mission and framework, Brendan Eich, founder and CEO of Brave and Basic Attention Token and Advisor to RNDR, points out that “the advantages of RNDR align with those of the BAT [by providing]:

Efficiency: Utility tokens unlock access to idle or mispriced resources, e.g., GPUs for RNDR, user attention for BAT. Fraud resistance: Tokens act as a low-fraud unit of account with payment only after blockchain-attested verification of work. Social credit: Pre-creating a pool of tokens not for sale endows users with tokens by fiat.”

RNDR will be launching on the ProBit platform on December 30th, 2019. We are excited and ready to democratize rendering power together with our future users.