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.

Transacting on Solana is better. Transacting with a debit card is accessible. Transacting with a debit card through Solana is the future.

It's settled! We can't wait to get to know everyone! Prepare for some Discord only alpha going forwards. discord.gg/5gRFkcPmsr

With @sphere_labs and your Seagull card, you might never need a bank again. Just saying.

Remember it’s not the future of finance until we don’t know if everything is built on Solana or not. It will be though.

We keep hearing about $JITO but what about @multisig passing $2.9B in TVL! Seagull cards coming to a Squads Multisig near you.

Squads v3 TVL is over $1b. Thats it. Thats the xeet.

🔗 DeFi at Your Fingertips We’re integrating with the biggest DeFi platforms like @marginfi and @MarinadeFinance to allow you to liquid stake, borrow or lend directly within the Seagull ONE app, and more importantly, use those positions to fund payments seamlessly.

💵 Effortless Crypto-to-Fiat Conversion Just tap your card, and we handle the rest, converting your crypto to the merchant's local currency. Seagull ONE is asset agnostic, meaning that you can transact with any token with liquidity that can be routed through @JupiterExchange.

🔑 True Ownership Forget pre-loading funds on your crypto debit card. With Seagull ONE, your assets remain securely in your wallet, ready for use in the Solana ecosystem, until you make a purchase. More freedom, less hassle!