The post Render Network Highlights Spring 2024 Achievements and Future Plans appeared on BitcoinEthereumNews.com.

As summer begins, Render Network took a moment to reflect on its accomplishments from the spring of 2024, highlighting network updates, releases, and Render Network Proposals (RNPs) that have propelled its decentralized platform forward. Render Network Metrics The Render Network saw significant year-over-year growth in key metrics, particularly in network compute capacity. Comparing Q1 2024 to Q1 2023, the network’s available GPU power increased substantially, with more intensive GPU rendering jobs being submitted. The growth rate of RENDER usage outpaced the number of frames rendered, despite a notable rise in frames processed. Frames Rendered 17.7% year-over-year growth with 2,495,084 frames rendered in Q1 2024 compared to 2,119,813 in Q1 2023. RENDER Used 60.28% year-over-year growth with 816,602 RENDER used in Q1 2024 compared to 509,469 in Q1 2023. Despite a 19.4% decline in job creation year-over-year, with 45,966 jobs in Q1 2023 compared to 37,049 in Q1 2024, the average RENDER used per job increased significantly due to a decrease in small frame rendering jobs. OctaneBench Growth Year-over-year growth in OctaneBench more than doubled, showing a 111.69% increase in average OctaneBench on the network, from 786,706 in Q1 2023 to 1,665,339 in Q1 2024. Peak OctaneBench grew 136.51% year-over-year, from 884,505 to 2,091,922. Average and peak OctaneBench compute power per job also grew by 114.38% and 137.26%, respectively, indicating higher performance across the network for artists leveraging Render’s decentralized GPU compute power. In March 2024, the network saw the second monthly reading of over 1 million frames rendered and over 400k RENDER used, marking significant milestones in the network’s history. Key Milestones During NVIDIA’s GTC, a major GPU computing and AI event, Render Network made several groundbreaking announcements, including Emad Mostaque joining the Render Network Board of Advisors and authoring RNP-011: PIWA Creating Millions of 3D Training Assets. This proposal…

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Filed under: News - @ June 24, 2024 1:02 am