Orderly Network, a Web3 liquidity layer, has established a bounty program hosted by Google Cloud and Empyreal. The initiative will pay developers who create AI agents that can trade on Orderly on their own.
Orderly’s objective of creating the first onchain derivatives platform that can support AI agents will be aided by the bounty program, which is a step toward combining the strengths of AI with DeFi. Independent developers will be able to create these agents, which will allow automated transactions using the newest developments in AI and web3 technology.
The bounty program’s complete information will be disclosed on September 18–19 at TOKEN2049 in Singapore. After that, the program will start right away and should last for a few weeks. A portion of the prize pool will be available to developers who sign up for the program and successfully create and implement AI agents on Orderly during this period. Each agent that satisfies the conditions will be considered for prizes in both the greatest profitability and most innovative predictor categories, where their participation will be reviewed.
It is anticipated that AI agents created for Orderly would first target experienced traders and developers looking to build complex trading apps. Subsequently, Orderly will facilitate the creation of AI agents that intermediary traders may utilize to engage in derivatives trading without the need for coding expertise.
Orderly Network’s user-centric developer tools, which aim to reduce entry barriers in the DeFi industry, are powered by Google Cloud technology. The main goal of Orderly Network’s work is to create off-chain DeFi infrastructure components while tackling important issues with transparency and self-custody.
The next phase of this collaboration is the AI bounty program. The initiative intends to enlist Web2 developers to participate in the campaign by using Google Cloud’s expertise of the Web3 sector and cutting-edge AI technology. Empyreal, a campaign partner, is making the move to Web3 development simple by providing their SDK.
Arjun Arora, Orderly Network COO said:
“It’s been a year since Orderly Network and Google Cloud began the collaboration, focused on driving the mainstream adoption of DeFi. Looking ahead, we believe that AI innovation will be pivotal in revolutionizing on-chain trading. Orderly’s bounty program empowers AI developers to create groundbreaking tools that will redefine the on-chain experience. This initiative invites both Web2 and Web3 developers to build autonomous agents utilizing diverse data sources, bridging the gap between today’s potential and the future of DeFi.”
Rishi Ramchandani, Head of Web3 APAC, Google Cloud stated:
“Our work with Orderly builds on our mission to empower Web3 developers with secure and scalable cloud and AI technology to scale their applications. We look forward to welcoming more developers to build AI agents using our technology.” ”
Johnny, Founder and Lead Developer, Empyreal:
“We’re excited for our SDK to be featured in this campaign with Orderly and Google Cloud. This will allow our trading kits to fuel new bots and AI agents, giving devs and traders a simpler process for deploying effective agents. Orderly is the ideal location for our SDK to be used for building the future of AI trading.”
Although the technology is still in its infancy, AI agents are becoming more and more popular in the cryptocurrency field. By automating processes and interfacing with various data sources, these agents enable traders to make better-informed judgments. They are especially useful in the area of perps trading, where it is necessary to query many data sources to get the best results in response to quickly shifting market circumstances.
AI agents have potential in cryptocurrency areas including prediction markets, staking, prediction, and DeFi in addition to derivatives markets. AI agents are able to perform transactions for cross-chain transfers, trading, payments, and much more by retrieving data from both on- and off-chain sources.
The collaborative bounty program will encourage developers to show off their creativity and open the door for further developments that will enable traders to make more informed judgments while cutting down on information overload. In the process, they will open up new use cases that take use of AI’s capability and serve as the foundation for a sophisticated derivatives trading framework on Orderly’s scalable web3 network.
Source: https://thenewscrypto.com/orderly-network-announces-ai-bounty-program-to-boost-the-future-of-web3-trading/