L1 network Quai Network announced its integration with Akash Network, a project focused on decentralized cloud computing. The integration combines Quai's multi-shard blockchain technology with Akash's decentralized computing infrastructure to enhance blockchain performance, improve transaction efficiency, and enable seamless access to decentralized resources.
Earlier in August, Quai Network completed a $5 million strategic round of financing, with participation from Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures, and DexCheck Ventures. It is reported that after previous rounds of financing, the company's total financing has reached $15 million, of which $10 million came from Polychain Capital, Alumni Ventures and other companies.