Donut agentic crypto browser raises $7 million to redefine web browsers
New York-based Donut Labs has raised $7 million in a pre-seed funding spherical to construct what it claims would be the world’s first “agentic” crypto browser, a instrument utilizing synthetic intelligence to assist customers work together with blockchain-based purposes.
The spherical was led by Sequoia, Bitkraft and HackVC, with participation from angel traders together with Solana and different ecosystem leaders, akin to Matrix Companions, Sky9 Ventures, Makers Fund and SonicSVM.
The $7 million will help the event of Donut, an executable crypto browser powered by synthetic intelligence brokers, with a local cryptocurrency pockets and decentralized trade integration, decentralized community entry and onchain execution.
Not like conventional net browsers, Donut’s AI algorithms perceive web page context and consumer intent, serving to it autonomously execute blockchain-based operations.
“The normal browser hasn’t modified for greater than 30 years. We’re re-architecting every part,” stated Donut founder and CEO Chris Zhu. “We’re reconstructing the entrance finish of the web to be hyper-financialized for AI brokers.”
Associated: Metaplanet’s Bitcoin ‘premium’ nears $600K per BTC
Donut’s customers will achieve entry to an array of decentralized instruments and crypto providers below a single agentic interface, which may make digital asset transactions safer.
“Architecturally remoted signing environments and AI-powered threat screening safe each transaction whereas optimizing execution for velocity and price,” stated Zhu, including that “AI interprets opaque calldata into plain English and assigns security grades.”
Donut’s AI brokers can commerce or swap tokens, place bets or earn passive yield on digital belongings.
Associated: Polygon-backed, high-yield blockchain launches for institutional adoption
Agentic browsers may reshape web in subsequent decade
Whereas Donut’s earliest adopters will doubtless be crypto merchants, builders or decentralized finance (DeFi) customers, agentic browsers could explode into the mainstream through the subsequent decade.
Inside the subsequent 5 years, Ethereum layer-2 (L2) networks will use agentic browsers to chop settlement prices. Mainstream browsers can even combine agentic capabilities or construct interoperability with purpose-built agentic browsers as AI turns into cheaper, based on Zhu.
Nonetheless, probably the most vital adoption will come inside the subsequent decade when onchain and offchain environments might be fully merged for web customers, Zhu stated, including:
“Agentic browsers are poised to change into the default entry level — very similar to smartphones changed function telephones.”
In the long run, Donut goals to help funds, gaming, content material creation and social interplay, all inside a single crypto-native browser. The corporate additionally plans to leverage developments in decentralized id and confidential computing to show the browser into a private “crypto CFO” for retail customers.
Journal: DeFi will rise once more after memecoins die down: Sasha Ivanov, X Corridor of Flame