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Project Eleven closed a $6 million funding round to develop tools to protect Bitcoin from quantum attacks
PANews reported on June 19 that Project Eleven, a company focused on post-quantum cryptography development, has completed a $6 million financing round led by Variant Fund and quantum technology investment firm Quantonation. The funds will be used to develop tools that protect digital assets such as Bitcoin from quantum computing attacks. The company's first product, Yellowpages encrypted registry, has completed a Cure 53 audit, allowing users to bind existing Bitcoin addresses to new quantum-resistant addresses without relying on on-chain activities.