TechFlow, June 19 — According to Cointelegraph, Project Eleven, a development company focused on post-quantum cryptography, has raised $6 million to help Bitcoin and other digital assets resist future threats from quantum computing. 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 said 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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