Render (RNDR) Could 200X In The Bull Run, Here Is Why!
TLDRThe video discusses a significant partnership between Stability AI and the Render Network, emphasizing the potential for scaling AI training and inference through Render's decentralized GPU network. It highlights the impact on the AI industry, with Stability AI's former CEO joining Render's Advisory Board to focus on decentralized AI. The video also speculates on Render's potential growth, suggesting a 200x increase in network usage and token burning, and predicts a substantial rise in Render's market cap and token value based on historical cryptocurrency market trends.
Takeaways
- ๐ The render network is on the verge of a significant growth with a potential 200x increase in its value.
- ๐ค A major partnership was announced between Stability AI, the parent company of Render, and Endore, highlighting their roles as industry leaders in open-source generative AI models.
- ๐ Stability AI's software, Stability Diffusion, accounted for 85% of all AI-created images as of August 2023, emphasizing the company's significant market share.
- ๐ The partnership aims to leverage Render's decentralized GPU network to scale AI training and inference capabilities, promoting accessible and transparent generative AI technology.
- ๐ฏ The collaboration is expected to impact 3D VFX and media production workflows, revolutionizing the industry with enhanced creative possibilities.
- ๐ Stability AI's founder and CEO, Emat Mustac, will join Render Network's Advisory Board, bringing his expertise in open AI models to the table.
- ๐ฑ Render Network's technology is set to expand its reach to 1 billion devices, including Apple devices like Macs, iPads, and iPhones, further increasing its accessibility and user base.
- ๐ The current weekly burning of Render tokens is $40,000 with 5,000 active nodes; a 200x increase with Stability AI's 1 million nodes could result in $32 million worth of monthly burning.
- ๐ก Emat Mustac's resignation as CEO of Stability AI to focus on decentralized AI, in the wake of the partnership, signals a strong commitment to the growth and development of Render Network.
- ๐ฎ The price prediction for Render is bullish, with potential market cap growth and a top 10 crypto position in the context of an upcoming AI rally, suggesting a market cap of $140 billion and a price of $350 per token.
Q & A
What is the main topic of the video?
-The main topic of the video is the recent developments and potential growth of the Render Network, particularly its partnership with Stability AI and the implications for the future of AI and GPU usage.
Which major partnership was announced earlier in the week mentioned in the video?
-The major partnership announced was between Stability AI, the parent company of Render, and Endore, highlighting their collaboration as industry leaders in open-source generative AI models.
What does the partnership aim to leverage?
-The partnership aims to leverage Render's decentralized GPU network to massively scale AI training and inference power, thereby democratizing open-source, transparent generative AI technology and pronoun systems that will impact 3D VFX and media production workflows.
What is the significance of Emat Mustac joining the Render Network Advisory Board?
-Emat Mustac, the founder and CEO of Stability AI, joining the Render Network Advisory Board is significant because it brings his expertise and vision in open AI models to the table, which is expected to greatly benefit the Render Network's growth and development in the AI space.
How does the video suggest the Render Network will revolutionize open-source AI models?
-The video suggests that with the 1 million GPUs that Render currently has on the waiting list, the network will be able to accelerate open-source AI, building better datasets, models, and systems to amplify creativity.
What is the potential impact of the Render Network on Apple devices?
-The potential impact is that Render tokens can be used on various Apple devices, including the Mac Pro, MacBook Pro, iPad Pro, and potentially the iPhone in the future. This could add another 1 billion devices for the Render Network, significantly expanding its reach and utility.
How does the video explain the 200x growth potential of the Render Network?
-The video explains that the 200x growth potential is based on the current weekly burning of 3.7 thousand Render tokens with approximately 5,000 active nodes. If Stability AI uses 1 million nodes, it would increase the burning by 200x, leading to a significant increase in token value and demand.
What major announcement did Stability AI make after their partnership with Render Network?
-After the partnership announcement, Stability AI announced that Emat Mustac, their CEO, resigned from his role to focus on decentralized AI, indicating a significant shift in the company's strategy and commitment to decentralized technologies.
What is the video's prediction for Render's market cap and price in the future?
-The video predicts that Render's market cap could reach 140 billion, which would correspond to a price of $350 per token, based on historical market trends and the potential growth of the AI sector.
What is the significance of the Render Network's position in the cryptocurrency market?
-The significance is that, analogous to Nvidia's position in the GPU manufacturing market, Render, as the largest decentralized GPU network, is expected to become a top 10 cryptocurrency, reflecting its foundational role in the future of AI and machine learning.
What advice does the video give to viewers regarding Render tokens?
-The video advises viewers that Render is still in its early stages and has significant potential for growth, suggesting that those who invest in Render tokens could benefit from the expected bull run and advancements in the AI sector.
Outlines
๐ค Major Partnerships and Network Advancements
This paragraph discusses a significant partnership between Stability AI and the Render Network, emphasizing the potential impact on the industry. It highlights the impressive statistics of Stability AI, such as its high number of downloads and the vast amount of AI-created images using their software. The partnership aims to leverage Render Network's decentralized GPU network to scale AI training and inference capabilities, promoting open-source, transparent generative AI technology. Furthermore, the CEO of Stability AI, Emat Mustac, is joining the Render Network Advisory Board, indicating a strong commitment to the project. The news is set to accelerate the demand side of the Render Network, potentially increasing the burning of Render tokens and driving the network's growth.
๐ Render Network's Growth and Token Burning
This section delves into the growth of the Render Network, particularly focusing on the token burning mechanism and its implications for the network's value. It explains how the current burning rate, based on active nodes and weekly token burns, could increase by 200 times if Stability AI utilizes a million nodes. This significant increase in burning would lead to a substantial reduction in the circulating supply, potentially raising the token's price to maintain balance between burning and minting. The paragraph also discusses the potential for Render tokens to be used across a vast array of devices, including Apple products, further expanding the network's reach and utility.
๐ก Price Predictions and Future Outlook
The final paragraph provides a price prediction for Render based on market cap and ranking trends from previous bull markets. It suggests that Render's market cap could reach $30 billion, which would correspond to a token price of $80, considering the growth trends and the AI sector's potential market share. The speaker emphasizes that Render, as the largest decentralized GPU network, is positioned to become a top-10 cryptocurrency. The paragraph concludes with a call to action for viewers to follow the speaker on social media for updates and to subscribe to the YouTube channel for more insights.
Mindmap
Keywords
๐กRender Network
๐กStability AI
๐กDecentralization
๐กAI Training
๐กGTC
๐กOpen-source
๐ก3D VFX and Media Production
๐กToken Burning
๐กMarket Cap
๐กCryptocurrency Adoption
๐กPrice Prediction
Highlights
Render Network's partnership with Stability AI and Endore, which is Utoy's mother company.
Stability AI being the fastest growing consumer application with more downloads than all other open AI cgp models.
Stability AI's software, Stable Diffusion, was responsible for 85% of all AI created images in August 2023.
The partnership leverages Render's decentralized GPU Network to scale AI training and inference power, democratizing open-source generative AI technology.
Stability AI founder and CEO, Emat Mustac, joining the Render Network Advisory board.
Jules Yaack, CEO of Utoy and Render, discussing the significance of the partnership and its impact on 3D VFX and media production workflows.
Render's vision for decentralized computing and serving a foundational role in the future of open-source machine learning models.
The potential for Render Network to accelerate demand and burning of Render tokens, with 3.7 million tokens burned weekly by 5,000 active nodes.
The announcement of Emat's resignation as CEO of Stability AI to focus on decentralized AI, further emphasizing the importance of the Render Network partnership.
The Render Network's potential to revolutionize open-source AI models with 1 million GPUs on the waiting list.
The possibility of Render notes on Apple devices, potentially adding another 1 billion devices to the Render Network.
The Render Network's potential to create high-quality, detailed videos with AI, similar to Stability AI's Sora model.
The estimated 200x increase in token burning if Stability AI utilizes 1 million nodes from the Render Network.
The Render Network's fixed minting of 200,000 tokens per month and the potential price of $260 to maintain an even burning and minting ratio.
The potential for Render to reach a market cap of $140 billion or a price of $350 during the upcoming AI rally.
Render Network's position as the largest decentralized GPU Network and its potential to become a top 10 crypto.
The importance of the partnership and Render Network's role in the future of AI and machine learning, as discussed by the CEO of Utoy and Render.