metaverse graphics just received a boost; according to insiders, a decentralized alternative to Pixar’s formidable 3D rendering is poised to grow stronger after host protocol Render Network received $30 million in funding.
“We have just 10,000 artists hooked in out of potentially tens of millions,” founder Jules Urbach told CoinDesk. He’s also the founder and CEO of Otoy, a rendering software startup that works closely with the Render Network.
Render Network which is a metaverse graphics-focused company, allows digital artists to pay for pooled computer rendering capacity, said in a press release that it plans to quadruple its personnel, strengthen its “rendering engine” integrations, and prepare for NFT issuance as it expands its community.
The rebranding of Facebook as Meta has sparked renewed interest in the future of virtual worlds, particularly who will own the “metaverse.” In light of this, the metaverse graphics centric Render project, which pools idle GPUs and compensates their operators in RNDR tokens, is best viewed as an infrastructure play.
That prospect captured the interests of key stakeholders in the Solana ecosystem, including lead backer Multicoin, The Solana ecosystem’s core stakeholders, including principal investor Multicoin Capital, Alameda Research, and the Solana Foundation, was all excited about the potential. Sfermion, an NFT venture capital firm, was also present.
“The financing is critical for the Render Network to flourish,” Urbach added. “The tasks ahead of us are, to put it bluntly, immense.”
Urbach said the Urbach stated that the round ended regardless of the Meta headlines. He was adamant about not talking about money. The $30 million token deal was confirmed by a Multicoin official.
— Vinny Lingham (@VinnyLingham) December 20, 2021
As more artists utilize the network to create complicated metaverse graphics artwork, such as 3D objects and animation, that their home computers can’t handle, activity has “tripled” in recent months, according to Urbach.
Render pools idle GPUs to form a peer-to-peer service network that, according to Urbach, rivals Pixar’s large rendering farms in terms of power and is less expensive for artists than cloud services such as Amazon’s.
The native token RNDR, which node-runners receive in return for their computational power, is already active on Ethereum and the layer-2 Polygon. According to Urbach, the superfast layer-1 Solana is next, and he’s also keeping an eye on Metaplex, the ecosystem’s NFT center.