Donut Labs raises $7M to launch first ‘agentic’ crypto browser

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Donut Labs: The Sweetest Crypto Browser You Never Knew You Needed! 🍩💰

In the bustling heart of New York, where dreams are as sweet as the pastries, Donut Labs has managed to snag a whopping $7 million in a pre-seed funding round. Their mission? To create the world’s first “agentic” crypto browser — a fancy tool that promises to help users tango with blockchain-based applications, all while being serenaded by artificial intelligence. Who knew tech could be so romantic?

Leading the charge in this funding fiesta are the big guns: Sequoia, Bitkraft, and HackVC. They’ve brought along some angel investors, including the likes of Solana and other ecosystem titans like Matrix Partners, Sky9 Ventures, Makers Fund, and SonicSVM. It’s like a tech party where everyone’s invited, and the drinks are on the blockchain!

With this $7 million, Donut is set to whip up an executable crypto browser, powered by AI agents that are more reliable than your last date. This browser will come equipped with a native cryptocurrency wallet, decentralized exchange integration, and all the bells and whistles you never knew you needed. It’s like a Swiss Army knife, but for crypto enthusiasts!

Unlike those dusty old web browsers that haven’t changed since the days of dial-up, Donut’s AI algorithms are here to save the day. They understand page context and user intent, helping to execute blockchain-based operations faster than you can say “blockchain.”

“The traditional browser hasn’t changed for more than 30 years. We’re re-architecting everything,” declared Donut founder and CEO Chris Zhu, probably while wearing a superhero cape. “We’re reconstructing the front end of the internet to be hyper-financialized for AI agents.” Sounds fancy, right?

Donut Labs Image

With Donut, users will have access to a treasure trove of decentralized tools and crypto services, all under one roof. It’s like a digital Swiss bank, but without the secretive Swiss bankers! And let’s not forget about safety — “Architecturally isolated signing environments and AI-powered risk screening secure every transaction while optimizing execution for speed and cost,” Zhu explained, adding that “AI translates opaque calldata into plain English and assigns safety grades.” Because who doesn’t want their crypto transactions to come with a report card?

Donut’s AI agents are ready to trade, swap tokens, place bets, or earn passive yield on digital assets. It’s like having a personal assistant who’s also a financial wizard!

Agentic Browsers: The Future is Now! 🚀

While the early adopters of Donut will likely be crypto traders, builders, or DeFi users, these agentic browsers are set to explode into the mainstream in the next decade. Just imagine your grandma trading crypto while baking cookies!

In the next five years, Ethereum layer-2 (L2) networks will be using agentic browsers to cut settlement costs. Mainstream browsers will also jump on the bandwagon, integrating agentic capabilities as AI becomes cheaper. Zhu predicts a future where onchain and offchain environments will merge seamlessly, making the internet as easy to navigate as a Sunday stroll in the park.

“Agentic browsers are poised to become the default entry point — much like smartphones replaced feature phones,” Zhu said, probably while sipping a latte.

In the long run, Donut aims to support payments, gaming, content creation, and social interaction, all within a single crypto-native browser. They’re even planning to turn this browser into a personal “crypto CFO” for retail users. Because who wouldn’t want a financial advisor that fits in their pocket?

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2025-05-29 15:53