Artificial Intelligence (AI) is increasingly being adopted across various industries, with 78% of companies using AI technologies, according to a 2023 report by Bain & Co. The report also finds that AI can improve efficiency in 20% of workplace tasks. The growing role of AI extends to the cryptocurrency sector as well.
We will examine three AI crypto projects—Render, Fetch.ai, and yPredict—that show potential for growth.
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Render Network, also known as RNDR, is a decentralized platform focusing on the increasing need for GPU computing power in advanced media production. The network connects those who need GPU resources with those who have surplus computing power, optimizing resource allocation. By repurposing underused GPUs, Render Network offers a cost-effective solution for content creators in need of additional computing power.
Render Network operates on a peer-to-peer system, distributing GPU-dependent rendering tasks across the network. This distribution streamlines the rendering and streaming of virtual content, making it easier for users to engage with three-dimensional environments and objects. The network uses RNDR tokens to encourage nodes to contribute their spare computing power.
The platform isn't limited to just one application; it has a range of use cases. These include visual effects, motion graphics, virtual assets like NFTs, and even artificial intelligence. Other fields that can benefit are virtual production, product design, and architecture. The Render Network is also exploring applications in gaming and augmented reality.
The functioning of Render Network is fairly straightforward. Content creators send their rendering jobs, along with the required data and specifications, to theRead more on cryptonews.com