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 Empyreal and Google Cloud, an intelligent infrastructure for web3 that aims to enable developers to build autonomous trading agents on the blockchain.

According to a September 17 press release shared with Crypto.news, the initiative will reward participants who develop AI-powered agents that can execute transactions on the Orderly Network’s liquidity layer; however, reward amounts and payment methods were not disclosed.

The program aims to encourage the adoption of automated trading bots that can interact with multiple data sources, enabling investors to “make more informed decisions.” The initiative 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

Under the partnership agreement, Empyreal will provide a software development kit to facilitate the creation of AI agents to ease developers’ transition from web2 to web3, while Google Cloud will provide cloud and AI technology to support the scaling of these applications.

Orderly Network says the bounty program will run for several weeks, with developers eligible to earn rewards based on the performance of their AI agents.

Orderly Network said the campaign is expected to accelerate the development of more sophisticated trading tools in the decentralized space, noting that AI brokers are gaining momentum in the crypto space but the technology is “still in its infancy.”