According to BlockBeats, on August 29, Layer1 crypto network Quai Network completed a $5 million strategic financing, with participation from Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures and DexCheck Ventures.
It is reported that following the previous rounds of financing, the total amount of this round of financing reached 15 million US dollars, of which 10 million US dollars came from Polychain Capital, Alumni Ventures and other companies. The new funds will be used to expand the size of the project's engineering and developer relations teams, support research and development work, and invest in community participation programs.
