PANews reported on May 29 that according to Cointelegraph, New York-based Donut Labs announced the completion of a $7 million Pre-Seed round of financing, led by Sequoia, Bitkraft, and HackVC, with participation from ecosystem leaders such as Solana. Donut aims to create the world's first "agent-based" crypto browser, with a built-in AI agent that can identify web page intent and automatically execute on-chain transactions, such as currency swaps, mining, and asset optimization. The browser integrates wallets, DEX, and decentralized network access functions, and plans to develop into a user's crypto financial manager in the future.