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