Update May thirtieth, 8:05 a.m. in UTC: This article has been updated to take an updated picture of Donut.
The Donut Labs, based in New York, collected $ 7 million in a prepared round of financing to create what it claims to have the primary “Agentic” crypto browser, a tool that uses artificial intelligence to assist users interact with blockchain-based applications.
The round was headed by HSG, Bitktraft and HackVC, with angel investors akin to Solana and other ecosystem leaders akin to Matrix Partners, Sky9 Ventures, Makers Fund and SonicsVM.
The 7 million US dollars will support the event of Donut, an executable crypto browser of artificial intelligent, with a native cryptocurrency letters and a decentralized exchange integration, a decentralized network access and an onchain version.
In contrast to traditional web browsers, Donut's AI algorithms understand the side context and the user intent and help him autonomously perform blockchain-based operations.
“The traditional browser has not modified for greater than 30 years. We are proking the whole lot again,” said Chris Zhu, founder and CEO of Donut, the founder and CEO of Donut. “We reconstruct the front end of the Internet to be hyper-finance for AI agents.”
Donut closes $ 7 million in front of the seed. Source: Donut
Donut users have access to a series of decentralized tools and crypto services under a single agent surface, which suggests that digital asset transactions can grow to be safer.
“Architecturally isolated signature environments and AI-driven risk screening secure any transaction and optimize the execution for speed and costs,” said ZHU.
Donut's AI agents can exchange or exchange, place bets or receive a passive return against digital assets.
Agente browser could make the Internet recent in the subsequent decade
While Donut's earliest users will probably be crypto dealers, builders or decentralized funds (Defi) users, agent browsers can explode within the mainstream in the subsequent decade.
Within the subsequent five years, the networks of Ethereum Layer-2 (L2) agent browser will use to scale back the settlement costs. Mainstream browsers also integrate acting functions or, in line with ZHU, construct interoperability with specially built agent browsers when AI becomes cheaper.
However, crucial introduction will happen inside the subsequent decade if Onchain and Offchain environments for Internet users are fully merged, Zhu said and added:
“Agenten browsers are able to grow to be the usual entry point – just like smartphones, features feature telephones.”
In the long run, Donut strives to support payments, games, content creating and social interaction, all inside a single crypto-native browser. The company also plans to make use of progress in decentralized identity and confidential computing to rework the browser into a private “crypto cfo” for retail users.
