TL;DR
- Orderly Network, in collaboration with Google Cloud and Empyreal, launches an AI bounty program to reward developers for creating autonomous trading agents on its platform.
- The program aims to develop the first on-chain derivatives platform supporting AI agents, enhancing trading efficiency and profitability through advanced AI and Web3 technology.
- Details of the bounty program will be revealed at TOKEN2049 in Singapore, with prizes awarded for the highest profitability and most innovative AI predictors.
Orderly Network, a leading Web3 liquidity platform, has announced an innovative AI bounty program in collaboration with Google Cloud and Empyreal. This initiative aims to reward developers for creating AI agents capable of autonomous trading on Orderly’s platform, marking a significant step forward in the integration of AI and DeFi.
ANNOUNCEMENT: Last year, we entered a collaboration with @GoogleCloud_SG 💜
Now, we’ve launched a bounty program with Google Cloud and @EmpyrealSDK to reward developers building AI agents for autonomous trading on Orderly.
The goal? To build the first onchain derivatives… pic.twitter.com/RnmsuB9N3E
— Orderly Network (@OrderlyNetwork) September 17, 2024
Bridging AI and DeFi
The AI bounty program is designed to support Orderly Network’s goal of developing the first on-chain derivatives platform that can support AI agents. By leveraging the latest advancements in AI and Web3 technology, the program will enable automated transactions, enhancing the efficiency and profitability of trading activities.
Details of the Bounty Program
The complete information about the bounty program will be revealed at TOKEN2049 in Singapore on September 18-19. Following this event, the program will kick off and is anticipated to last for several weeks.
During this period, developers who enroll and successfully create and deploy AI agents on Orderly will be eligible to receive a share of the prize pool. Each AI agent will be evaluated based on two categories: highest profitability and most innovative predictor, with the potential to qualify for prizes in both categories.
A Collaborative Effort
Orderly Network’s partnership with Google Cloud and Empyreal is pivotal to this initiative. Google Cloud’s advanced AI technologies and understanding of the Web3 sector, combined with Empyreal’s software development kit (SDK), will facilitate the onboarding of Web2 developers into the Web3 space. This collaboration aims to lower the barriers to entry in the DeFi space, making it more accessible to a broader range of developers.
Future Prospects
Arjun Arora, COO of Orderly Network, emphasized the transformative potential of AI in on-chain trading:
“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,” he said.
Rishi Ramchandani, Head of Web3 APAC at Google Cloud, added:
“Our work with Orderly builds on our mission to empower Web3 developers with secure cloud and AI technology to scale their applications.”
This AI bounty program represents a significant milestone in the evolution of DeFi, promising to bring sophisticated, automated trading solutions to the forefront of the Web3 ecosystem.
