Odaily Planet Daily reported that L1 network Quai Network has just completed a round of strategic financing of US$5 million! 🎉 This round of financing was led by Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures and DexCheck Ventures. It is worth mentioning that after the previous rounds of financing, Quai Network's total financing has reached US$15 million, of which US$10 million came from well-known companies such as Polychain Capital and Alumni Ventures. The new funds will be mainly used to expand the engineering and developer relations team, support research and development, and invest in community engagement programs. 🚀

Against the backdrop of increasingly stringent global blockchain regulation, this move by Quai Network has undoubtedly injected a shot in the arm for the industry. Although the overall market performance is neutral, Bitcoin remains the focus of our optimism. 💪