Render Token (RNDR) API and Price Oracle

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Render Token

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is Render Token (RNDR)?

Render Token (RNDR) is a utility token and blockchain-based platform that enables distributed GPU rendering power. Founded in 2017 by OTOY Inc., RNDR aims to revolutionize the computer graphics industry by allowing users to rent or lease unused GPU power from others on the network. The name "Render" comes from the rendering process in computer graphics. RNDR is built on Ethereum and uses smart contracts to facilitate secure and transparent transactions.

How does Render Token work?

Render Token is a blockchain-based platform that leverages the power of decentralized finance (DeFi) to facilitate the creation and trading of digital media assets. The platform operates on the Ethereum blockchain, utilizing its smart contract functionality and security.

At the core of Render Token's functioning is its use of non-fungible tokens (NFTs). NFTs are unique cryptographic assets that represent ownership of a particular item, such as digital art, music, or videos. Render Token allows artists and content creators to tokenize their digital creations as NFTs and sell them on the marketplace.

The process starts with artists minting their digital media assets as NFTs, assigning them a unique identifier on the Ethereum blockchain. These NFTs can then be listed for sale on Render Token's decentralized marketplace, where buyers can bid on or purchase them.

The blockchain ensures transparency and immutability, guaranteeing the authenticity and provenance of the digital media assets. Smart contracts govern the buying and selling process, eliminating the need for intermediaries and reducing transaction costs.

Render Token also incorporates additional features to enhance the user experience. These include royalties for artists, enabling them to earn ongoing revenue when their NFTs are resold, and gamification elements like achievements and leaderboards.

By utilizing blockchain technology and NFTs, Render Token revolutionizes the digital media industry by allowing creators to monetize their work more effectively and giving collectors access to unique and verifiable digital assets.

What are the benefits of Render Token?

Render Token offers several benefits compared to its direct competitors in the blockchain space. One of the key advantages of Render Token is its focus on decentralized rendering services. Render Token utilizes blockchain technology to create a decentralized marketplace where users can access high-performing rendering power for various applications.

Compared to its direct competitors, Render Token offers a more efficient and cost-effective solution for rendering needs. By leveraging the power of decentralized networks, Render Token eliminates the need for traditional centralized rendering services, which can be expensive and slow. This allows users to access rendering power on-demand, without having to invest in expensive hardware or software.

Additionally, Render Token also prioritizes security and privacy. By utilizing blockchain technology, Render Token ensures that all transactions and rendering processes are secure and transparent. This is particularly important for users working on sensitive projects or handling valuable intellectual property.

Another advantage of Render Token is its interoperability. Render Token is built on a blockchain platform that allows for seamless integration with other decentralized applications, creating a connected ecosystem. This enables users to leverage the benefits of blockchain technology across multiple platforms and applications.

Overall, Render Token stands out from its direct competitors by offering a decentralized, efficient, and secure solution for rendering needs. Its focus on decentralization, security, and interoperability sets it apart in the blockchain marketplace.

What is Render Token used for?

Render Token (RNDR) is a cryptocurrency that serves a specific purpose within the Render Network ecosystem. The Render Network is a decentralized cloud computing platform that allows users to rent computing power for various computational tasks.

The primary use case for Render Token is as a utility token within the Render Network. Users can acquire RNDR tokens and use them to pay for computational resources on the network. This allows users to efficiently and securely harness the power of distributed computing for tasks such as rendering graphics, running complex simulations, or performing data processing.

One common use case for Render Token is within the computer graphics and animation industry. Rendering high-quality visuals can be computationally intensive, requiring significant computing power and resources. By utilizing the Render Network and paying with RNDR tokens, artists and animators can speed up their rendering process and reduce costs compared to traditional centralized rendering farms.

Furthermore, Render Token can also be utilized in other fields where complex computational tasks are required, such as scientific research, artificial intelligence, and machine learning. The decentralized nature of the Render Network and the use of RNDR tokens provide a secure and efficient way to access and utilize distributed computing resources.

In summary, Render Token is primarily used within the Render Network for paying for computational resources. This facilitates faster and more cost-effective rendering for various industries, with the computer graphics and animation sector being a prominent use case.

What is DIA's Render Token API?

DIA's Render Token API is a powerful tool that provides real-time price feeds for various crypto assets. These price feeds are constructed using raw data obtained from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, encompassing billions of individual trades. This comprehensive data ensures that DIA can deliver unparalleled accuracy and reliability.

DIA offers both free and customizable API endpoints. The free API endpoints are readily available for developers to test and provide access to standardised price feeds for informational purposes. On the other hand, the custom feeds, which hold significant importance, are tailored to meet specific user requirements. These custom feeds can be configured based on sources, methodologies, update mechanisms, and more.

The versatility of DIA's API endpoints opens up a wide range of use cases across the blockchain ecosystem. In the DeFi space, the price information from DIA's APIs can be utilized in derivatives, options and futures markets, lending and borrowing platforms, collateralized stablecoin systems, synthetic asset issuance, money markets, and other applications. Similarly, in the NFTfi realm, DIA's API feeds can be leveraged for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

To access the API endpoints, developers can find the free price feed API endpoint for any asset on the respective asset's detail page in the DIA App. For those seeking custom configurations, DIA offers a dedicated API price feed service that can be requested through Discord or Telegram.

In summary, DIA's Render Token API provides real-time price feeds for crypto assets sourced from diverse exchanges. While free feeds are available for testing and informational purposes, the custom API data feeds offer tailored solutions to meet specific requirements. DIA's API endpoints have extensive applications in DeFi and NFTfi sectors, empowering developers to build innovative solutions in these domains.

What is DIA's Render Token price oracle?

DIA's Render Token price oracle is a smart contract that provides real-time price feeds of crypto assets. Integration with over 35 layer 1 and layer 2 networks allows DIA to deploy price oracles in multiple blockchains, making their service highly versatile. What sets DIA apart is the construction of their price feeds, which sources raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges. This comprehensive approach enables DIA to deliver accurate and reliable price information.

While DIA provides free demo oracles for developers to test, these are solely for testing purposes and cannot be integrated into production applications. However, DIA also offers a unique advantage with their custom price feed oracles. These can be tailored according to specific requirements, such as sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's price oracles have a wide range of use cases within the blockchain ecosystem. They can be utilized in DeFi applications like derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets. Furthermore, in NFTfi applications, DIA's oracles can be used for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In the context of blockchain technology, an oracle refers to an external information provider that supplies verified data from outside the blockchain to smart contracts. This allows smart contracts to access real-world data, enhancing their functionality and enabling interaction with external systems. DIA's custom oracles offer a reliable and customizable solution for users seeking specific data feeds for their blockchain applications.

Why use DIA's RNDR API & price oracle?

DIA's RNDR API and RNDR Price Oracle offer a range of benefits for users in the blockchain ecosystem. With DIA's technology, users gain access to accurate and reliable price data for cryptocurrencies and NFTs. The key advantage of using DIA's API or Price Oracle for the particular token in question lies in its high level of customization. Each oracle and API endpoint allows for tailored configuration settings, including the choice of data sources, data cleaning filters, pricing methodologies, and update mechanisms. This customization ensures robustness and resilience to unique market conditions and enables users to have a tailored solution for their specific needs.

Another significant benefit of using DIA's API and Oracle feeds is the transparency they provide. DIA ensures full and granular transparency throughout the entire data journey, instilling trust in the information being provided. Additionally, DIA offers various tracking and monitoring tools that allow users to closely monitor the performance of their oracle and API feeds.

By leveraging DIA's RNDR API and RNDR Price Oracle, users can benefit from accurate and customizable price data, transparency, and enhanced monitoring capabilities. These features empower users to make informed decisions and build decentralized applications that rely on reliable and trustworthy data sources. DIA's offerings provide a valuable resource for technology-savvy individuals seeking to integrate blockchain technology into their projects.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.