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 alternate platform could be including assist for it.
In a brand new announcement, Coinbase says that it’s going to be itemizing Render (RENDER), a decentralized altcoin that enables customers to share their unused GPU (graphics processing unit) energy to render graphics and visible results for different initiatives as a method of incomes rewards.
“Coinbase will add support for Render on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and CoinbaseExch in the regions where trading 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 during the last 24 hours.
Render used to be an Ethereum-based (ETH) token, nevertheless it switched over to Solana in late 2023. In accordance to Jules Urbach, the undertaking’s founder, the transfer drastically enhanced the utility of the undertaking.
Says Urbach,
“Moving Render’s core infrastructure to Solana is a watershed moment that unlocks major new capabilities like real-time streaming and dynamic NFTs.”
In accordance to Coinbase, will probably be supporting each the Solana and Ethereum variations of the asset, noting that the tokens have barely completely different names throughout blockchains.
“Coinbase will support trading of the Render token on both Ethereum and Solana networks. Render on the Ethereum network will retain the ticker RNDR while Render on Solana will have the ticker RENDER and will be named Render (Solana) on our trading platform.”
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