Project Eleven raises $6M to defend Bitcoin from quantum attacks

Quantum computing-focused Project Eleven raised $6 million to develop tools like Yellowpages that aim to secure Bitcoin against quantum attacks.

Project Eleven, a development firm focused on post-quantum cryptography, raised $6 million to help secure Bitcoin and other digital assets against future quantum computing threats.

According to a Thursday announcement shared with Cointelegraph, the funding round was co-led by leading Web3 investor Variant Fund and quantum tech investor Quantonation, among others. It marks Quantonation’s first investment in the crypto space.

Project Eleven CEO Alex Pruden said the funding will allow the company to build “the tools, standards and ecosystem required to ensure digital assets remain secure in a post-quantum world.”

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