Render Network has completed a major upgrade, migrating to the Solana ecosystem.

Render Network recently announced the successful upgrade to Solana, marking the official migration of this leading company in the decentralized rendering field from the Polygon ecosystem to the Solana ecosystem. This migration involves the implementation of multiple community-approved proposals, including not only the migration of the underlying ecosystem but also the issuance of the new token RENDER and the implementation of a new token economic model, which will have a profound impact on the entire Render ecosystem and its stakeholders.

From the recent market performance, the price of Render's token RNDR once broke through $4, reaching a nearly 21-month high, reflecting the community's positive feedback on these new initiatives.

Core Content of the Upgrade

This upgrade involves multiple aspects, with the core content including:

1. Introduce Burn and Mint Equilibrium ( BME ) token economic model

The new BME model aims to achieve long-term supply and demand balance or even deflation for the RENDER token. According to the plan, the new model will be deployed on Solana in the coming weeks and the emission plan will be launched. The latest approved proposal details the emission distribution among different network participants.

2. Migrate to the Solana ecosystem

To better implement the BME model and meet the needs of network development, the Render community has decided to migrate from Polygon to Solana. The high performance and low cost of Solana are the main reasons for its selection.

This upgrade brings two significant changes:

• Launching a new token RENDER based on Solana, replacing the original ERC-20 token RNDR
• Introduce a new Solana-compatible voting system Nation.io for community participation in network governance.

3. Ecological Resource Redistribution

The new economic model establishes a balanced emission plan, rewarding the four major stakeholders in the network according to their contribution: node operators, artists, liquidity providers, and computational clients. This will bring new incentive mechanisms to all parties in the ecosystem.

Impact of Upgrades on the Ecosystem

1. More resilient and sustainable token economic model

The BME model will enable RENDER to gain more value support and may achieve deflation. When demand grows to a certain extent, RENDER will enter a de facto deflationary mechanism, significantly increasing the value of the token.

2. A faster and more scalable network

Migrating to Solana will greatly assist Render's business expansion in terms of performance and cost.

• The TPS of Solana is more than 30 times that of Polygon.
• The transaction fees for running the same tasks on Solana are approximately one thousand times lower than on Polygon.
• The technical characteristics of Solana are more suitable for the long-term development needs of the Render network.

3. Potential for Development in Multiple Fields

As one of the benchmarks in the DePIN track of the Web3 field, Render is rapidly emerging as a new star in multiple cutting-edge areas such as AI and digital copyright. After migrating to Solana, Render is expected to achieve greater development in these fields.

Future Outlook

Since the beginning of this year, the Render business has entered a period of rapid growth, with an average of over 120,000 rendering tasks per month. This growth is mainly attributed to the partnership with Apple, as well as collaborations with AI projects such as Stable Diffusion.

In addition to this major upgrade, Render is also working on more innovations:

• Introduce the FEDML cloud platform to bring AI community needs into the Render network.
• Actively introduce other computing clients such as Beam, io.net
• Added multiple renderers, such as Maxon's Redshift, etc.

With the rapid development of fields such as AI, AR, and VR, the demand for distributed GPU computing networks like Render will continue to grow. Through a series of upgrades and innovations, Render Network is fully prepared to lead the decentralized rendering revolution.