Donut Labs Secures $7M in Pre-Seed Funding for Crypto Browser
- Donut Labs secures $7M for Solana-based browser.
- Innovative design integrates wallet and DEX functions.
- Potential positive impact on Solana ecosystem.
Donut Labs has raised $7 million in pre-seed funding to develop an agentic crypto browser on the Solana blockchain, led by HackVC and other major investors.
Donut Labs’ funding move signals a shift in crypto browsing tech, potentially reshaping user interaction with blockchains and decentralized applications.
The $7 million pre-seed funding round, led by venture capital firms such as Hongshan and HackVC, aims to develop Donut Lab’s groundbreaking crypto browser. The project is built on the Solana blockchain.
The team behind Donut Labs includes CEO Chris Zhu and Chief Scientist Tim Fan. Their goal is to create a cryptocurrency browser that integrates wallet functionality, network connectivity, and DEX interactions.
“We’re grateful to our investors for sharing our vision. With their backing, we are reconstructing the front-end of the internet to be hyperfinancialized for the AI-agents. The traditional browser has not changed for 30+ years, and we get to re-architect everything.” — Chris Zhu, Founder and CEO of Donut Labs, CoinDesk
The development is expected to boost the Solana blockchain, potentially increasing its traction and usage. Integrating AI agents to autonomously execute on-chain transactions could notably impact user experience and efficiency.
Investors are optimistic about the technological advancements Donut Labs promises. The project’s progress could lead to onboarding cryptocurrency newcomers and enhancing blockchain interaction.
The ongoing evolution of an agentic crypto browser could transform how transactions occur. This aligns with an increasing trend toward automation and decentralized execution within the crypto market.
