The Sonic affiliated project Donut, backed by Sequoia Capital, could it be an Alpha @DonutBrowser

TL;DR:

1. Sonic affiliated, participating can be seen as an airdrop expectation

2. High funding amount ($7 million in financing, seed round valuation around $50M-$100M), strong funding background, not a hype project

3. Currently one of the few SVM projects with practical applications, considered an early layout for SVM

4. Strong technical background, good team background, if there are plans for listing later, there will be no major obstacles

————————————————————

Currently, the project has a seed round of $7 million, led by Sequoia, Bitkraft, and HackVC. This project is a typical practical project, and its data will determine its future prospects.

In this round, the valuation is about $70 million; in the capital market, seed rounds can be valued at $50M-$100M for product development, definitely not a speculative project. The project will rely on market performance to develop good products, increase valuation levels, and make larger market layouts.

Currently, there are few projects in this track.

Team background: Core members come from Meta AI, TikTok recommendation algorithm team, and Tencent AI Lab. The team has previously led the infrastructure development for several mainstream crypto protocols such as Primodium and SonicSVM.

Expert advisor: The project advisor is Xi Chen, a professor at NYU Stern School of Business, who is continuously engaged in the intersectional research of DeFi and machine learning.

Currently, this is the only participation entry: