Project Eleven raises $6 million in funding, led by Variant Fund and Quantonation
According to Cointelegraph, Project Eleven, a development company focused on post-quantum cryptography, has completed a $6 million funding round aimed at helping Bitcoin and other digital assets withstand future quantum computing threats. The round was co-led by Web3 investment firm Variant Fund and quantum technology investor Quantonation. Project Eleven’s first product, Yellowpages, is a cryptographic registry that allows users to create quantum-resistant proofs, linking current Bitcoin addresses to new secure addresses without relying on on-chain activity. Project Eleven CEO Alex Pruden stated that the funding will help the company build "the tools, standards, and ecosystem needed to ensure digital assets remain secure in a post-quantum world."
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