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Donut Labs Secures $7 Million for Development of AI-Powered Crypto Browser

Donut has raised $7 million in pre-seed funding to develop an AI-driven crypto browser on Solana, enhancing user interaction with blockchain applications.

SOL

Summary

Donut Labs raised $7 million in pre-seed funding led by Hongshan, BITKRAFT, and HackVC to develop a Solana-based AI agentic crypto browser. The browser will integrate crypto wallets and enable autonomous execution of on-chain operations, aiming to simplify user engagement with blockchain technologies.

Terms & Concepts
  • Agentic Browser: A type of web browser designed to autonomously interact with blockchain applications using AI, enhancing user experience and transaction safety.
  • Decentralized Exchange: A cryptocurrency exchange that operates without a central authority, allowing peer-to-peer trading of assets directly between users.
  • AI-Powered Risk Screening: A technology that utilizes artificial intelligence to assess and mitigate risks associated with digital transactions.