Render Foundation, the team behind the distributed GPU rendering network Render [RNDR] Network has announced 1.4 million
Render’s announcement comes days after it disclosed that it was collaborating with compute clients on Solana. The potential impact of both events on the network is discussed here.Render
has announced 1.4 million in RNDR tokens as incentives for its node operators. A node operator is either a miner or validator on a network.Whether validator or miner, node operators are responsible for managing and monitoring information stored on the blockchain. Render’s announcement comes days after it disclosed that it was collaborating with compute clients onFor context, a compute client is used to connect a node on a particular blockchain with another node on another network.
Furthermore, Render Foundation’s decision to reward node operators means the project holds the group in high esteem. Some time ago, the project informed the crypto community that it did not plan on airdropping tokens like others may have done.the project had done in terms of adoption. Also, RNDR’s price action has not been left out of the party.
Network growth tracks the number of new addresses interacting on a network. The metric is used to gauge tracking on a project. Therefore, the hike suggests an increase in advocacy for the Render.As shown above, the metric had plunged, indicating a decline in traction. This decrease in demand for RNDR could also be linked to the cryptocurrency’s 2.94% fall in the last seven days.But with the Solana partnership, RNDR could be back with an upward movement.
However, its social dominance has dropped at press time, indicating a recent oversight. But traders might need to watch out for RNDR in the coming weeks. Should the token build on its 6.95% 24-hour growth, then it may be time to expect a rally again.market participants may want to watch out for. Based on CoinMarketCap’s data, the project was ranked 52 with a market cap of $866.10 million.
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