Render (RNDR) is a decentralized GPU rendering platform that utilizes blockchain technology to connect artists and creators with GPU power. Deemed “The Nvidia of crypto,” the cryptocurrency has seen a $2 billion market cap increase in a week.
Notably, the project enables users to rent out idle GPU processing power to others who need it for rendering tasks. Render aims to democratize access to high-performance computing resources and create a global decentralized rendering network.
On the other hand, Nvidia Corp (NASDAQ: NVDA) is a leading manufacturer of GPUs. Therefore, Render and Nvidia share market and industry similarities, highly benefiting from the increased interest in artificial intelligence (AI) technologies.
Moreover, their similarities go beyond providing GPU-related services.
RNDR and Nvidia price performance
Interestingly, Render’s market cap went from $2.42 billion on March 5 to an impressive $4.78 billion on March 11. This recent action has increased i
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