Donut Labs, a business based in New York, has raised $7 million in a pre-seed investment round to create what it says is the first “agentic” crypto browser ever.
Artificial intelligence will be included into the “agentic” browser, which is currently under development, to facilitate user interaction with blockchain-based applications like as DAOs, NFTs, and decentralized finance (DeFi).
Donut to Use Funds for Early Access Launch and Product Development
The money raised will be used to create an early-access version for testers and speed up product development.
Donut Labs aims to overcome the complexity gap between blockchain ecosystems and regular consumers as AI-driven user interfaces become more popular and Web3 usability becomes more and more important.
Leading investors Sequoia, Bitkraft, and HackVC led Donut Labs’ $7 million pre-seed fundraising round. Ecosystem leaders Matrix Partners, Sky9 Ventures, Makers Fund, and SonicSVM also participated, as did angel investors connected to Solana.
Why is The Browser Different?
Instead of requiring users to manually navigate intricate interfaces and transactions, as is the case with typical crypto wallets or dApps, Donut Labs’ browser is designed to function autonomously or semi-autonomously on behalf of users by using AI to manage activities, suggest actions, and execute commands.
This method combines the strength of Web3 infrastructure with artificial intelligence (AI) “agents” that can comprehend user preferences and automate high-friction or repetitive crypto activities.
Donut Labs claims that the browser will simplify everything, including governance voting, NFT management, token swaps, and staking.
Unlike traditional browsers, Donut uses AI algorithms to understand both page context and user intent, enabling it to autonomously perform blockchain-related tasks.
This includes executing transactions, interacting with smart contracts, and navigating decentralized applications, making blockchain use more intuitive and efficient for users. It aims to simplify the crypto experience by reducing complexity and enhancing automation.
Donut’s AI-Powered Browser to Unify Access to Decentralized Crypto Services
Donut Labs’ new browser will provide consumers access to a variety of decentralized tools and cryptocurrency services through a single, AI-powered interface.
The goal of this “agentic” architecture is to make digital asset exchanges safer and easier.
The platform claims that the new browser will use AI-powered risk screening and architecturally segregated signature environments to guarantee that every transaction is quick, safe, and economical.
The AI’s capacity to convert convoluted, opaque calldata into understandable plain English and award safety scores is a crucial feature that aids users in making well-informed judgments.
From a single, simplified crypto browser interface, Donut’s AI agents can carry out a variety of actions on behalf of consumers, such as trading or swapping tokens, placing bets, or generating passive return.
Also Read: Rotterdam-Based Crypto Asset Manager Blockrise Secures $2.6 Million In Funding Round