GullNetwork, a unique exchange which runs on the Manta Network and built in the DeFi sphere, has now concluded successfully a private funding round, gathering a total of $1.6 million. This total funding of US$2 million was comprise of a round led by Ozaru Ventures and Morningstar Ventures. Additionally, some of the other participating parties are constituted by a gamut of Web3 native venture capital companies, including GBV, MH Ventures, Banter Capital, Sky Vision Capital, Asteroid Capital, Andromeda Capital, and Momentum 6.
Such a diverse group of investors emphasis the high level of interest of GullNetwork’s prospects expressed in te rapidly growing decentralized finance (DeFi) environment. The successful fundraising round is a powerful milestone in GullNetwork’s path. This marks the fact that the organization is a promising company in the blockchain space with the chance of benefiting several investors cautiously buying opportunities.
Enhancing network infrastructure.
The pooled money from this exchange will be reserved for several crucial aspects that GullNetwork really pushes for in their strategic planning. First, we will invest a big part of the funds on boosting the number of GullNetwork’s products we develop. Here, both taking the existing products to the next level and designing the new ones that satisfy the wide range of users needs are involved.
Also, improving upon the wire service network comes as a priority as well. Through improving the bottom systems, GullNetwork is ready to use a more strong and operative process that can take high traffic of users without interrupting the high standards of the security and working. Enacting this upgrade will provide the infrastructure with the strength to maintain leadership position and will be able to handle the scale-up issues that emerges in the decentralized network.
The ecosystem and market presence
Besides that, proportion of the investment will be employed for upgrading GullNetwork supervising personnel to the highest category. It is the staffing of skillful people who have the knowledge that the platform needs for innovations and to stay ahead of the technological wave. Consequently, will be part of the development process by improving partnership networks with the goal to have a more aligned and coordinated blockchain system at the end of the day.
GullNetwork will widen its marketing campaign for the crucial purpose of raising awareness about its services as well as its user base.An efficient marketing plan is imperative to the success of a stock exchange of decentralized model, and to acquire more participants.
Through this investment, the strategic fund broadens GullNetwork’s capability of protecting user’s privacy and security. Combining these technologies will provide the opportunity to successfully develop cutting-edge privacy protection features, and distinguishing GullNet from other platforms by the fact that user’s personal data is kept as confidential as possible.
Conclusion
Gull Network’s recent financing acceptance is proof of the investors’ trust in the project vision and strategic management of the company. With these newly acquired funds, GullNetwork is now emboldened to roll out new financial products, strengthen its infrastructure, and crossover into the Defi arena. While building on and enriching its reputation as an innovative, secure, and ecosystem-oriented, initiative it is determined to disrupt the traditional crypto exchange industry by creating the next generation of decentralized platforms.
