Quantum computing security company Project Eleven completes $6 million funding, led by Variant Fund and Quantonation

ChainCatcher news, according to Cointelegraph, the development company focused on post-quantum cryptography, Project Eleven, has completed a $6 million financing round aimed at helping Bitcoin and other digital assets withstand future quantum computing threats. This round of financing 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 this financing will help the company build "the tools, standards, and ecosystem necessary to ensure digital assets remain secure in a post-quantum world."