Render Network startup providing 3D rendering tools for projects NFT and the metaverse, raised $ 30 million.
The round of funding was led by Multicoin Capital. Other contributors include Alameda Ventures, Sfermion and the Solana Foundation, as well as business angels Vinnie Lingham and Bill Lee.
Rendering is the process of rendering in computer graphics. The decentralized Render Network makes it possible to do this remotely by purchasing computing power for RNDR tokens. They are provided by other users whose GPUs are currently idle.
This approach allows independent digital artists and small studios to access significant computing power without the cost of hardware.
The Render Network is currently running on Ethereum and Polygon and is in the process of integrating support for Solana and Metaplex.
By words Render Network founder and OTOY CEO Jules Urbach, Render Network is used by renowned NFT artists such as Mike Winkelmann (Beeple), Pak and FVCKRENDER.
Urbach noted that the total sales of NFTs, which were created using 3D rendering on the web, reached $ 800 million.
He also reportedthat the startup plans to create a marketplace on Solana for NFT, 3D assets and web-based services. To this end, the project intends to double the headcount, Urbach added.
Recall that in November, the auction house Christie’s sold Mike Winkelmann’s NFT for $ 28.985 million.
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