RenderToken (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain. It aims to connect artists and studios needing GPU computing power with mining partners willing to rent their GPU capabilities. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at 1 RNDR = $0.25 USD equivalent of the token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team to build and test the network until its public launch on April 27th, 2020.
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