The threat of quantum computing to the security of crypto assets is becoming a focal point in the industry. Focused on this field, Project Eleven has once again attracted capital interest—raising $20 million in its latest funding round, with the company's valuation reaching $120 million.

This is not the first time Project Eleven has gained favor. In June last year, the company completed a $6 million funding round led by professional quantum technology venture capital firms Quantonation and Variant Fund. In just over a year, both the funding scale and valuation have seen significant growth, reflecting the increasing market demand for quantum-secure protection solutions.

As quantum computing technology advances, current encryption algorithms may face the risk of being cracked. Project Eleven is dedicated to providing quantum-resistant solutions for cryptocurrencies, and such protective technologies are gradually becoming essential infrastructure in the Web3 ecosystem. Continuous support from leading quantum venture capital and startup funds also confirms the long-term value potential of this track.