Render Secures $30 Million in Strategic Financing on December 21, 2021

coin icon
RENDER
RENDER
-1.22%
According to media reports, Render secured $30 million in strategic financing on December 21, 2021. Investors in this round included Multicoin Capital, Sfermion, Solana Ventures, Alameda Research, Vinny Lingham, Bill Lee, and other prominent institutions and investors.Render Network is a decentralized GPU rendering network designed to connect users requiring rendering services with computing power providers who have idle GPUs. Users can connect their GPUs to the Render Network to execute rendering tasks using OctaneRender software. Users are required to pay RNDR tokens to individuals performing the rendering tasks, while OTOY, as the network operator, collects a small fee from each transaction.With the growing demand for cloud rendering and distributed computing, Render Network integrates idle GPU resources worldwide to offer efficient and cost-effective rendering solutions for content creators. This model significantly reduces rendering costs while creating new income streams for GPU owners.Following this strategic financing, Render entered a new phase of development. In November 2021, the RNDR token was listed on major exchanges. Subsequently, in November 2023, RNDR was upgraded and renamed to RENDER and continued trading on major exchanges. On December 5, 2024, RENDER was listed on South Korea’s leading exchange Upbit, further expanding its market coverage.

this-content

disclaimer-th

22
0
0
share

comment

RENDER fundraising-history
fundraising-Roundfundraising-amountfundraising-valuationfundraising-timefundraising-investor
strategicfundraising-$M--2021-12-20Multicoin Capital,Sfermion,Solana Ventures,Alameda Research,Vinny Lingham,Bill Lee
fundraising-key-milestones
  • 2024-12-05
    Upbit listed RENDER
  • 2023-11
    RNDR was upgrated to RENDER
  • 2023-11
    RENDER is live for trading
  • 2021-12-21
    Render raised $ 30 M in strategic financing
  • 2021-11-27
    Binance listed RNDR
  • 2018-01-01
    Render raised $ 1.16 M through ICO
24hour-high
$1.95
24hour-volume
$1.70M
alltime-high
$13.59
alltime-low
$0.03676
market-cap--f
97.47%
fdv
$971.56M
24hour-low
$1.73
market-cap
$971.56M
circulating-s
518.74M RENDER
total-supply
532.21M RENDER
max-supply
532.21M RENDER
market-sentim
negative
activity-cent
join-the-acti

tokenname-faq

how-to-buy-to

what-determin

what-is-the-a

what-is-the-a1

what-is-the-c

how-many-toke

what-is-the-m

what-is-the-f

what-is-the-p

is-tokenname