
seagulls, we’d like to give you an update on the current state of Seagull and where we’re headed.
after months of trying to raise a pre-seed round to bootstrap our debit card program, we have been unable to find an investor to fill the amount required to start our own debit card program.
this means, as things stand currently, we will not be able to ship the seagull debit card.
however, we’d like you to know that we haven’t given up. we will remain vigilant in searching for the right investor to fund our product and bring the seagull debit card to fruition.
we’ve seen what @solcard has been doing and we aren’t very impressed. yes, they’ve beat us to market and shipped a product that many people enjoy. however, it still falls short. the devs are anonymous, funds are held custodially with high minimum deposits, and their fees are beyond any other crypto card in the space.
we believe that Seagull still has the potential to be the most transparent, decentralized, and user friendly debit card on Solana. we envision a world where every wallet and dApp has a white-labeled, self-custodial debit card ready for spending.
with that said, in the coming months, the Seagull team is going to shift our focus towards DeFi until we have the funds to bootstrap a debit card program ourselves.
I know this might sound like the end, but we’re just getting started.
we have countless ideas in our back pocket and we’re ready to execute on them.
as we transition into this new phase, we hope that you can understand the amazing vision that we have in front of us, and the large capital barrier that we have been fighting to get over.
we love you all, and we’re excited to continue building for this awesome community.
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