Recently, Layer 1 encryption network Quai Network announced the completion of a strategic funding round worth $5 million. This capital will be used to expand the project's technical development team, enhance developer relations, and promote community engagement activities. After this funding round, Quai Network's total cumulative funding has reached $15 million. This financing not only provides a solid financial foundation for the development of Quai Network but also accelerates its technological innovation and market expansion in the encryption sector.