One of the biggest problems people have with most crypto projects is that so many of them are just a white paper and a good marketing team. For those who are looking for a project to invest in that actually has a live production use, Golem (GNT) has just been added to that list.
This project has been in development for more than three years now, and has just recently moved to the live Ethereum blockchain. Golem is designed to allow people to ‘rent out’ their unused CPU power to third parties who need it in exchange for Golem Tokens.
The current production system allows users who have excess CPU power to rent it out to those who use the Blender open-sourced 3D computer graphics software. This type of software often requires a huge amount of CPU power to complete the rendering for visual effects, art, 3D printed models, and much more. The average person doesn’t have access to sufficient power to get things done efficiently.
By incorporating the Golem system into Blender, it will allow anyone (professional or amateur) to have access to huge amounts of power to get their tasks done. The live system is just getting off the ground, so it is hard to say how successful or popular it will be. If this system works well, however, the use cases for it could be huge.
Companies having access to crowd sourced computing power could be a game changer for many industries. If Golem can make this work effectively, the upside potential could be huge. As of this writing, GNT is going for about $.40, which is up from around $.28 where it was trading before going live on production.
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