Project 11

Project Eleven is addressing the emergent security threat that quantum computing poses to the digital asset industry. The company operates on the premise that a cryptographically relevant quantum computer (CRQC) will render the foundational security of Bitcoin and the broader $3 trillion digital asset market obsolete. Its core mission is to provide solutions and high-quality information in the fields of quantum computation, cryptography, and blockchains.

The firm is developing what it terms "QRL Level 1 Forever Secure" cryptography. This involves quantum-native cryptographic methods that leverage the principles of quantum mechanics to create security protocols designed to be unbreakable, even by future quantum computers. This positions the company to serve clients in the cryptocurrency and blockchain sectors who need to mitigate future cryptographic risks and secure their assets for a post-quantum world.

To accelerate its development and build a "quantum ready future," Project Eleven has secured $6 million in a seed funding round. The round was co-led by Variant and Quantonation, with additional participation from Castle Island Ventures, Nebular, and Formation.

Keywords: quantum cryptography, digital assets, blockchain security, post-quantum, quantum computing, seed funding, cryptocurrency, risk mitigation, quantum-native, unbreakable security