RNDR Token enables distributed GPU rendering on the blockchain, using OctaneRender.
RNDR is OTOY’s token based rendering network. It enables distributed GPU rendering on the blockchain, using OctaneRender which is the world’s first and fastest GPU-accelerated, unbiased, physically correct renderer. Octane uses the graphics card in networked computers to render photo-realistic images super fast. With Octane’s parallel compute capabilities, users can render works in a fraction of the time, and at a better cost than centralized services. RNDR is currently the fund’s only pure utility token investment — in a use case where the token is actually delivering utility in a network, using proven technology to deliver a service with a real and strong market.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Dec 21, 2021 | Initial Coin Offering | $30M | 6 | Multicoin Capital | — | Detail |
Apr 20, 2018 | Funding Round | — | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Multicoin Capital | Yes | Initial Coin Offering |
Alameda Research | — | Initial Coin Offering |
Bill Lee | — | Initial Coin Offering |
Sfermion | — | Initial Coin Offering |
Solana Foundation | — | Initial Coin Offering |
Vinny Lingham | — | Initial Coin Offering |
Kenetic | — | Funding Round |