Why is Render Token (RNDR) going up? (May 18, 2023)

Los Angeles-based Render is a distributed GPU rendering network built on top of the Ethereum blockchain. Render aims to connect artists or studios that need GPU computing power with mining partners who want to rent their GPUs. Render allows anyone to easily share GPU power. The system removes the technical barriers associated with network computing systems. It connects users who want to do render work with people who have idle GPUs, so users don't have to buy high-end computers. This strategy saves significant time and money.

RNDR is up 22% in the last 24 hours. Although no official announcement has been made, rumors about Render’s new partnership with Apple may have been instrumental in the rise of RNDR.