The interest in artificial intelligence (AI) technology has peaked with NVIDIA’s shining performance, turning eyes towards AI altcoins. Render (RNDR), a leader in decentralized GPU-based processing and AI digital rights management solutions, is at the forefront of providers. This process reveals that decentralized platforms providing such services are facing intense interest.
Current Status of Render Token (RNDR)
RNDR, the native token of the Render Network, continues to gain significantly in anticipation of the biggest AI and GPU technology event of the year, NVIDIA GTC 2024, which will take place in San Jose, California, from March 18-21. It has been announced that Render’s founder and CEO, Jules Urbach, will participate.
According to a blog post published by the company, Urbach will make his first live speech at GTC24 after a process dating back to before the COVID-19 pandemic. In his speech, the CEO is expected to discuss the potential future and advancements of Render Network’s distributed GPU computing area.
In this year’s speech, Jules will present an updated vision for the future of productive artificial intelligence, spatial media, and decentralized GPU computing technologies. The talk will explore how core GPU technologies could reshape various fields such as gaming, visual effects, media, and design in the 2020s and beyond.
Urbach will not be the only one speaking at this event. Other prominent figures in the industry, including NEAR Protocol (NEAR) co-founder Illia Polosukhin, OpenAI COO Brad Lightcap, and officials from other significant projects aiming to enable integration between blockchain and artificial intelligence, will also be present at the event organized by AI computing giant Nvidia (NASDAQ: NVDA).
Render Price Situation
Following the news of the CEO’s participation in the conference, the price of RNDR hosted a significant increase and found buyers above $10 for a short time. The price then retreated to $9.94.
Afterward, the price rallied again, and as of today, March 8, according to the data obtained, it was trading above $10.5, representing a 1.58% increase. According to the same data, this increase rate was 31.74% over the past week, while the monthly chart showed a rise of 127.90%.
From a broader perspective, this could be interpreted as a good sign for RNDR, which struggled with issues after being included in the “problematic” tokens list by the United States Securities and Exchange Commission (SEC) last year.
If the process ultimately leads to success, becoming an AI infrastructure provider could even position it as ‘the Nvidia of crypto’.
