Why I’m Buying Golem Network (GNT)

Golem was one of the few cryptos that went relatively unscathed after the recent China ICO crackdown.

Then it got a nice pop yesterday, trading up to nearly $0.50, after a Golem mention by OmiseGo (OMG).

More on that in a moment.

Golem Network is a worldwide supercomputer. And it has been likened to an AirBnB of computing horsepower. In other words, if you have a computational heavy task, you could outsource it to Golem.

I didn’t think much about it until someone told me about the computing power it takes to produce a Pixar film. Those films have 24 frames per second, and each frame takes over a day to render. That’s some serious computing time.

What companies like Pixar do is hire rendering farms, which do the processing for them.

I did a little research on rending farms. It’s a decent size industry, over $3 billion. So it’s a big opportunity for Golem.
And then I found this article, which shows how Golem can be a cheaper option.

Considering that, Golem could become a very valuable project.

Ok, so where does OmiseGo come in?

Well, they tweeted about Golem yesterday and that seems to have caused the recent surge in the GNT pirce.

I tried to watch the Golem meetup in Berlin, you can find the video here, but frankly the audio is terrible and it’s barely watchable.

I’ll continue to research the OMG and GNT connection. But for now, I like GNT enough on its own for a speculative crypto play.

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