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Orderly Network, Google Cloud, and Empyreal have joined hands for the network’s upcoming bounty program.
Key Notes
Orderly Network is set to launch an AI Bounty Program for developers.Google Cloud and Empyreal have joined as partners to boost this ingenious exercise.This bounty aims to deepen creativity among AI developers building on Orderly Network..Web3 liquidity protocol Orderly Network has collaborated with Google Cloud and Empyreal to host an Artificial Intelligence (AI) bounty program. The campaign is designed to reward developers who build AI agents that can trade autonomously on the Orderly Network. Not much is known about the bounty program, but Orderly Network says details will be released at the upcoming TOKEN2049.
The event will be held in Singapore between September 18 and 19, after which the program will run for several weeks.
Integrating AI And DeFi
Orderly Network sees this initiative as a step towards integrating the potential of AI and Decentralized Finance (DeFi). Additionally, it aligns with its goal of developing the first onchain derivatives platform that can support AI agents.
These independent developers who are building these agents are also making it possible to have automated transactions that use the latest advancements in AI and Web3 technology. Once on the bounty program, developers will create and deploy AI agents on Orderly. Those who succeed will then be eligible to receive a share of the prize pool.
Each developed agent will be judged across two categories—highest profitability and most innovative predictor. Anyone that meets the requirements will win prizes in both categories. Orderly Network-associated agents are expected to focus on sophisticated traders and developers who intend to create advanced trading applications.
Newbies and intermediate traders would also be catered for. Orderly will support the development of AI agents that can be utilized by this group of traders so that they can take part in derivatives trading with little or no coding knowledge. Google Cloud and Empyreal have specific functions they will perform in the bounty program.
The Web3 liquidity layer leverages Google Cloud technology to underpin its user-centric developer tools. The design of these tools allows it to lower the barriers to entry in the DeFi space. Empyreal, on the other hand, is charged with providing its SDK. This will allow its trading kit to fuel new bots and AI agents, giving devs and traders a simpler process for deploying effective agents.
Orderly Network Bounty Program to Fuse Web2 and Web3
In the long run, Orderly Network focuses on developing off-chain DeFi infrastructure components. Specifically, it plans to address critical challenges related to self-custody and transparency.
According to Arjun Arora, Orderly Network COO, “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.”
Ultimately, this bounty program offers developers the platform to showcase their creativity and get incentivized in the process. With this strategy, the industry is bound to see more innovative AI agent projects due to developers’ motivation to do more.
The advent of more AI agents will make it easier for traders to enter the crypto market and make more informed trading decisions.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
