The Wi-5 project aims to create a low-cost architecture for smart Wi-Fi access points (APs) that minimizes interference and optimizes connectivity without altering existing Wi-Fi standards. It includes the development of use cases in various environments such as airports and dense buildings, and features like optimal frequency planning and seamless handover through a light virtual access point (LVAP). The project is partially funded by the EU's Horizon 2020 program and emphasizes scalability and open-source solutions.