Orderly Network, Google Cloud expand AI bounty to bring auto trading to web3

Orderly Network has partnered with Google Cloud to launch an AI bounty program that challenges programmers to build autonomous trading agents for web3.

Web3 infrastructure hub Orderly Network has launched an AI bounty program in collaboration with Google Cloud and Empyreal, an intelligent infrastructure for web3. The initiative aims to attract developers to build autonomous trading agents on a blockchain.

According to a September 17 press release shared with Crypto.news, the program will reward participants who create AI-powered brokers that can trade on the Orderly Network’s liquidity layer. However, reward amounts and payout methods were not disclosed.

The initiative aims to encourage the adoption of automated trading bots that can interact with multiple data sources, enabling investors to “make more informed decisions.” The program aims to support the development of an on-chain derivatives platform powered by AI brokers, said Arjun Arora, chief operating officer of Orderly Network.

“This initiative invites web2 and web3 developers to build autonomous agents using diverse data sources and bridge the gap between today’s potential and the future of DeFi.”

Arjun Arora

As part of the partnership, Empyreal will provide a software development kit that will simplify the creation of AI agents by making it easier for developers to transition from web2 to web3. Google Cloud will provide cloud and AI technology to support the scaling of these applications.

Orderly Network noted that the bounty program will run for several weeks and developers will be eligible to earn rewards based on the performance of their AI agents.

The campaign is expected to spur the development of more advanced trading tools in the decentralized space. While AI brokers are gaining momentum in crypto, Orderly Network acknowledges that the technology is still in its early stages.