projecteleven

🚨 Project Eleven Raises $20M Series A to Protect Crypto Networks from Quantum Threats

Crypto startup Project Eleven has raised $20 million at a $120 million valuation in a Series A round led by Castle Island Ventures, with participation from Coinbase Ventures, Fin Capital, Variant, and others.

The company is building tools to prepare Bitcoin and other blockchains for post-quantum security, addressing the threat posed by increasingly powerful quantum computers that could break current cryptography.

💡 Key Points:

Project Eleven’s products, like Yellowpages, allow users to generate post-quantum keys for their crypto assets.

The startup collaborates with the Solana Foundation on quantum-readiness planning.

Nic Carter (Castle Island Ventures) joins the board, emphasizing quantum computing as “the biggest and most complex threat public blockchains have ever faced.”

The company envisions becoming a “Palantir” for digital asset migrations to post-quantum cryptography.

📈 With the accelerating pace of quantum breakthroughs, Project Eleven aims to secure trillions in digital assets before cryptographically-relevant quantum computers emerge.

#BTC #CryptoSecurity #blockchain #quantumcomputing #ProjectEleven

Project Eleven raises $20M in a Series A funding round

#ProjectEleven secures $20M in a Series A funding round led by Castle Island Ventures, with participation from Coinbase Ventures, Fin Capital, Variant, Quantonation, Nebular, Formation, Lattice Fund, Satstreet Ventures, Nascent Ventures, and angel investors.

Project Eleven is a company developing tools and infrastructure to help existing software systems prepare for integration with future quantum computing technologies.

👉 x.com/qdayclock/status/2011468550523781351

🛡 Project Eleven 融资 2000 万美元，抵御量子威胁
加密货币的未来安全尽在掌握。初创公司 Project Eleven 成功完成 A 轮融资，筹集 2000 万美元，由 Castle Island Ventures 领投。
重点信息：
🔹 目标： 开发和实施后量子密码学 (PQC) 解决方案。
🔹 重要性： 未来的量子计算机可能轻易破解现代加密方法，对整个数字资产生态系统构成生存威胁。
🔹 计划： 团队正准备在 2026 年初 推出一款重要产品。
该项目首席执行官 Alex Pruden 强调：“风险从未如此之高。我们不能忽视这一威胁。”
如此规模的投资证实，机构级安全和未来威胁防御正成为风险投资巨头们的首要任务。
#CryptoSecurity #QuantumComputing #ProjectEleven #Web3 #VentureCapital

Fundraises & Airdrops

Developer-first API for crypto, stocks and options, Alpaca, raises $150M in a Series D funding round led by Drive Capital, with support from Citadel Securities, Opera Tech Ventures, and many more.

Stablecoin-powered cards protocol, Rain, raises $250M in a Series C funding round led by Iconiq Capital, with participation from Sapphire Ventures, Dragonfly, Bessemer, Galaxy, and more.

Attention trading platform, Noise, raises $7.1M in a seed funding round led by Paradigm, with other investors including Figment Capital, Anagram, GSR, Kaito, and more.

Post-quantum crypto infrastructure protocol, Project Eleven, raises $20M in a Series A funding round led by Castle Island Ventures, with support from Coinbase Ventures, Fin Capital, Variant, Lattice Fund, and more.

SVM L1 chain, Fogo, launches the FOGO token, allowing early adopters on the chain to claim their FOGO airdrop.

Solana Mobile opens the airdrop checker for the upcoming SKR token airdrop. Active on-chain users and developers are eligible for the airdrop.

Source: Binance News / Bitdegree / #CoinMarketCap

"Place a trade with us via this post mentioned coin's & do support to reach maximum audience by follow, like, comment, share, repost, more such informative content ahead"

$ALPACA $FOGO $SOL #Rain #enqAI #ProjectEleven #SKR

Solana collaborates with Project Eleven to test quantum-resistant signatures

#Solana is collaborating with #ProjectEleven to test quantum-resistant signatures as a safeguard against future quantum computing risks.

Early results show significant performance trade-offs, with the new signatures being much larger and reducing network speed by about 90%. The findings highlight challenges in balancing security improvements with scalability.

🔐 Q-Day Just Got Closer — And Someone Just Won 1 $BTC Proving It.

A researcher named Giancarlo Lelli just cracked a 15-bit elliptic curve cryptography (ECC) key on a regular cloud quantum computer — no government lab, no special hardware.

For that, #ProjectEleven awarded him 1 #BTC as part of their Q-Day Prize.

Why does this matter for crypto?

Bitcoin, Ethereum, and almost every major blockchain use ECC to secure wallets. Your private key is protected by a math problem called ECDLP — and Shor's Algorithm on a #quantum computer is designed to break it.

Right now, #bitcoin operates at 256-bit scale. Lelli broke 15 bits. Still a big gap — but here's the scary part:

•6 months ago, the record was 6 bits
•This result is a 512x jump
•Google's latest estimate says a full attack needs <500,000 qubits
•A Caltech/Oratomic paper says it could be done with as few as 10,000 qubits on neutral-atom hardware

The gap is no longer a physics problem. It's an engineering timeline.

What's at risk right now?

6.9 million BTC sit in wallets with exposed public keys on-chain. Those are directly vulnerable once quantum hardware scales up.

The bottom line:

Google committed to being quantum-secure by 2029. Blockchains haven't. The window to migrate to #PostQuantum cryptography is closing — and events like this are the proof of concept that moves it from theory to urgency.

🚨 Project Eleven Dangles 1 BTC Bounty—Can Quantum Hackers Crack Bitcoin’s Defenses?
💰 1 Bitcoin up for grabs! The first quantum team to break a toy elliptic curve (ECC) key using real quantum hardware wins the prize. But here’s the catch—if they succeed, they might also prove Bitcoin’s security obsolete, making their reward worthless! 😱⚡
🔍 Why This Matters:
✔ A real-world test of quantum threats to Bitcoin’s core cryptography.
✔ How close are we to a quantum break that could crash the network?
✔ Win big—or watch the prize evaporate if ECC falls.
#QuantumComputing #CryptoRisk #BitcoinBounty #ProjectEleven #HackTheFuture
$BTC

Solana collaborates with Project Eleven to test quantum-resistant signatures

#solana is collaborating with #ProjectEleven to test quantum-resistant signatures as a safeguard against future quantum computing risks.

Early results show significant performance trade-offs, with the new signatures being much larger and reducing network speed by about 90%. The findings highlight challenges in balancing security improvements with scalability.