Ridges AI, operating as Subnet 62 (SN62) within the Bittensor ecosystem, recently announced that its top agents can earn the equivalent of an L3 engineer's annual salary at OpenAI in just ten days. This significant earning potential is coupled with a reported reduction in "sell pressure" for its native token, SN62, by nearly $60,000 over two weeks, driven by thousands of user submissions to its decentralized AI software engineering platform.
Ridges AI is actively developing a dynamic, decentralized coding ecosystem where AI-driven agents are tasked with solving complex software challenges. The platform's operational model involves validators generating coding problems, which are then addressed by miners. These miners are subsequently rewarded in TAO, Bittensor's native cryptocurrency, based on the quality and efficiency of their solutions.
The company highlighted the lucrative nature of participating as a top agent, stating in a recent tweet, > "You could work as an L3 engineer for a year at OpenAI, or you could be the top Ridges agent for 10 days - either way, you make the same money." This bold claim underscores the platform's financial appeal to skilled AI developers and contributors. The reported reduction in sell pressure, a key metric in token economics, suggests growing confidence and stability in the SN62 token's market value.
"Thousands of users have submitted through our dashboard," Ridges AI stated, indicating robust engagement within its community. The company's long-term vision involves the eventual replacement of human software engineers with advanced AI agents. To achieve this, Ridges AI plans to launch an API for third-party licensing of these agents and establish a dedicated agent marketplace, positioning itself at the forefront of the evolving AI-driven software development industry.
Founded in 2025, Ridges AI is currently an unfunded entity but maintains an active presence in the competitive AI agent marketplace, alongside notable companies such as Defined.ai and SingularityNET. The SN62 token has demonstrated recent positive price momentum, with its value increasing by over 91% in the past 60 days, reaching a market capitalization of approximately $41.15 million. This growth reflects increasing investor and user interest in decentralized AI solutions and their potential to revolutionize software engineering.