Project Eleven raises $6 million, led by Variant Fund and Quantonation
According to online reports, according to Cointelegraph, Project Eleven, a development company focusing on post-quantum cryptography, has completed a US$6 million financing aimed at helping Bitcoin and other digital assets resist future quantum computing threats. This round of financing was led by Web3 investment institution Variant Fund and quantum technology investor Quantonation. Project Eleven's first product, Yellowpages, is a cryptographic registry that allows users to create quantum proof of resistance that links current Bitcoin addresses to new secure addresses without relying on on-chain activity. Alex Pruden, CEO of Project Eleven, said the financing will help the company build "the tools, standards and ecosystems needed to ensure digital assets remain safe in a post-quantum world."
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