The recent Apple Worldwide Developers Conference (WWDC) had crypto enthusiasts anticipating a significant announcement, especially with a product linked to the Render network (RNDR) being featured in the keynote event. The RNDR token, which powers distributed GPU rendering on the blockchain, has gained popularity in recent times, alongside other AI-based cryptocurrencies like SingularityNET. Despite these advancements, AI chatbots and related products have yet to fully integrate crypto payments.
While many expected the 2023 WWDC to usher in crypto integration with the launch of Vision Pro headset, no mention of crypto markets was made during the event. Nevertheless, Apple seems well-positioned to partner with OTOY Inc., the company behind both RNDR token and Octane X GPU rendering software, as its CEO is also the founder of Render network.
During the Apple keynote event on Monday, the tech giant showcased Octane X, available on the Mac App Store. This close connection between Octane and RNDR token sparked speculations of a potential partnership between Apple and Octane. One Twitter user with the handle “Satoshi’s Tears” tweeted: “$RNDR/USD: It is in partnership with OTOY Inc. and they are at a favorable location to partner with APPLE Inc. Octane X is available on Apple Appstore.”
However, the potential partnership is not without challenges. Apple’s Vision Pro headset was initially expected to utilize Render network’s GPU rendering functionality, but no such partnerships were mentioned during the keynote event, leaving room for skepticism.
Furthermore, the adoption of crypto tokens like RNDR and SingularityNET by companies like Apple comes with regulatory hurdles. For instance, the US SEC has recently branded Solana (SOL), Cardano (ADA), and Polygon (MATIC) as securities, while also targeting Binance’s Ex-CCO for willful violation of US regulations. These developments raise questions about the viability of implementing crypto payment solutions in consumer tech products.
Overall, the crypto market’s integration into mainstream technology seems uncertain at present. While collaborations like the rumored Apple-OTOY partnership could lead the way, the lack of concrete announcements during high-profile events such as WWDC and potential regulatory challenges call for caution among industry stakeholders.
Source: Coingape
