Crypto startup Render Network raises $30 million in token round

▤ Summary

Rendering is a process involved in producing digital media such as NFTs. Centralized rendering is done by data centers owned by large cloud providers. "For artists, it allows them to submit jobs on-demand to the tens of thousands of GPUs available on a peer-to-peer network at any given time." The Render Network is currently live on Ethereum and Polygon and is in the process of integrating support for Solana and Metaplex. "The goal of this plan is to put the future of the network fully in the hands of its users and the community through web3 incentives and novel governance structures," he added.

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