Cryptographic Anti-Quantum Computing Solution Project Eleven Completes $20 Million Financing at a Valuation of $120 Million

According to Axios, the quantum-resistant solution Project Eleven has completed a $20 million funding round, with a valuation of $120 million.

Quantum computing technology has the potential to break the underlying cryptographic mechanisms that secure cryptocurrencies, which has been a concern for the cryptocurrency industry. Project Eleven focuses on addressing this issue by developing solutions to withstand quantum computing attacks, ensuring the security of blockchain networks and digital assets.

According to the Web3 asset data platform RootData, last June, [Project Eleven](https://www.rootdata.com/zh/Projects/detail/Project Eleven?k=MTg4MDA= "quantum-resistant solution") completed a $6 million funding round, led by Variant Fund and quantum technology venture capital firm Quantonation.