Solana-Based Decentralized Rendering Altcoin Offers Tepid Response to Coinbase Listing News
A Solana-based (SOL) decentralized rendering altcoin is buying and selling sideways regardless of the information that the highest US crypto trade platform can be including help for it.
In a brand new announcement, Coinbase says that it’s going to be itemizing Render (RENDER), a decentralized altcoin that permits customers to share their unused GPU (graphics processing unit) energy to render graphics and visible results for different tasks as a way of incomes rewards.
“Coinbase will add help for Render on the Solana community (SPL token). Don’t ship this asset over different networks or your funds could also be misplaced. Transfers for this asset can be found on Coinbase and CoinbaseExch within the areas the place buying and selling is supported.”
The digital asset had a lukewarm response to the itemizing, as it’s buying and selling for $4.91 at time of writing, a 2.1% lower over the past 24 hours.
Render was an Ethereum-based (ETH) token, but it surely switched over to Solana in late 2023. Based on Jules Urbach, the venture’s founder, the transfer drastically enhanced the utility of the protocol.
Says Urbach,
“Shifting Render’s core infrastructure to Solana is a watershed second that unlocks main new capabilities like real-time streaming and dynamic NFTs.”
Based on Coinbase, it will likely be supporting each the Solana and Ethereum variations of the asset, noting that the tokens have barely completely different names throughout blockchains.
“Coinbase will help buying and selling of the Render token on each Ethereum and Solana networks. Render on the Ethereum community will retain the ticker RNDR whereas Render on Solana could have the ticker RENDER and will probably be named Render (Solana) on our buying and selling platform.”
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