When you buy through affiliate links in our content, we may earn a commission at no extra cost to you. Learn 
Render Token (RNDR) price surged by 11% following Apple’s brief mention of Octane, a 3D design software powered by the Render Network.
This mention occurred during Apple’s iPad Pro presentation featuring its M4 chip on May 7.
Render Price Records 7% Gains in 24 Hours
Following the May 7 announcement, RNDR experienced an 11% price spike, contributing to a 40% increase over the past seven days.
At press time, the token is trading at $11.24, reflecting a fresh 7.04% gain in the past 24 hours compared to recent price fluctuations in Bitcoin.
Apple’s VP of platform architecture had briefly mentioned Octane’s superior performance on the new iPad. The shoutout seems to have impacted the Render token in the crypto market.
Millet noted that “Pro rendering apps like Octane will flat-out fly,” highlighting the software’s performance on the new iPad, positioning the Render Network as a prominent player in the rendering software market. This mention has sparked excitement among investors, including notable crypto analysts, about the future potential of the RNDR token.
🚨BREAKING: Apple just presented Octane X, the rendering software powered by $RNDR, as the pro rendering app on the new iPad!
You can literally see the $RNDR logo in the video!
Don't ever mention "The Next $RENDER" again. pic.twitter.com/Kxg6llA3jH
— D0c Crypto ⭕️ (@TheRealD0c) May 7, 2024
Analysts predict further growth for the Render token due to its ecosystem value proposition. Render Network is a decentralized platform that connects artists needing powerful computing with spare capacity GPU owners. This model creates a new revenue stream for GPU owners and disrupts the traditional rendering software market.
#OctaneX was featured in today’s @Apple keynote!
Apple users can augment the massive increase in rendering power on the M4 with access to near unlimited high performance decentralized GPU compute power on @rendernetwork using Octane X. pic.twitter.com/WwfC8mIBB1
— The Render Network (@rendernetwork) May 7, 2024
Additionally, Render Network aims to establish a platform for artists and developers to create services and applications for the future digital economy. This includes areas such as next-generation digital rights management (DRM), artificial intelligence (AI), and virtual assets (non-fungible tokens).
Render’s Recent Partnerships
Render Network has established successful partnerships with industry leaders such as Endeavour, Stability AI, and OTOY, aiming to reshape 3D, VFX, and media production workflows and the overall future of AI in entertainment.
These collaborations will improve AI training and inference capabilities while ensuring cost-effectiveness through the Render Network’s decentralized GPU network. This initiative represents a major advancement in making generative AI technology more accessible and impactful in media production.
