RenderToken ICO in 20 days

in #blockchain9 years ago

bitcoin-283587_640.jpg
I found this ICO announcement on hackernews: https://news.ycombinator.com/item?id=15131026

"We aim to make it possible for any 3D object or environment to be authored, shared, and monetized through the Ethereum blockchain protocol."

http://www.rendertoken.com/
White Paper: http://www.rendertoken.com/pdf/1.7RenderTokenWhitepaper.pdf

Some thoughts:

  • For only Cloud rendering, I am bit skeptical: the market exists but I feel it is not so big (yet).
  • For the Gaming market, it makes more sense. Nvidia is pushing in this direction with their own cloud service. Problem in this context is both the latency and the bandwidth of the network. They put it as a use case, but so far nothing in the White Paper.

White Paper

There is a presentation of previous achievements for Cloud rendering by this company OTOY (https://home.otoy.com/the-company/), a short description of the mechanism and the render coin.

IMHO the White Paper is missing substance

  • How to effectively distribute the data ?
  • Where and how Ethereum is used ?
  • Does it cost me anything on Ethereum and if so, how much ?
  • Smart contract needs verification, audit.
  • Proof of rendering (proof of work) : it deserves much more details.