According to TechFlow news on June 19, reported by Cointelegraph, Project Eleven, a company focused on post-quantum cryptography development, has completed a $6 million funding 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 funding will help the company build "the tools, standards, and ecosystem necessary to ensure digital assets remain secure in a post-quantum world."
