Quai Network, a Layer 1 crypto network, announced the completion of a $5 million strategic funding round from investors including Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures, and DexCheck Ventures. This round of financing brings Quai Network's total funding to $15 million. The new funds will be used to expand the project's engineering and developer relations teams, support research and development efforts, and invest in community engagement initiatives.