what's Project Eleven?
Project Eleven is an applied research lab focused on the intersection of quantum computing and cryptography, developing infrastructure to secure digital assets like Bitcoin against future quantum threats. Founded to address the vulnerability of current cryptographic systems, such as ECDSA used in Bitcoin, the company works on post-quantum solutions that enable users to protect their holdings without requiring immediate protocol changes or on-chain transactions. Their flagship product, Yellowpages, is a cryptographic registry that allows Bitcoin holders to generate quantum-resistant keys, prove ownership of existing addresses, and register these proofs publicly. This proactive approach targets at-risk wallets with exposed public keys, estimated at over 6 million BTC, providing a bridge to quantum-safe standards. Project Eleven also runs initiatives like the Q-Day Prize to demonstrate and quantify quantum risks to elliptic curve cryptography.
Project Eleven CEO Alex Pruden discussed Google quantum computing and crypto security on Unchained.
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x.com/qdayclockCo-founder Alex Pruden discussed quantum computing threats to crypto security on Unchained podcast, detailing the project's approach to protection.
participated in a panel discussion about making Bitcoin quantum resistant at EthereumDenver, with a representative speaking alongside panelists from Bitcoin Rails podcast, Epoch VC, and the co-author of BIP 360
Raised $90M in a funding round focused on security and compliance.
Raised $20M at a $120M valuation, structured as equity with a token warrant, led by Nic Carter, focused on quantum BTC risk.
Completed Series A funding round with participation from jessewldn, who previously co-led the seed round in 2025.
Won Best Gaming Ecosystem at the Play To Earn Awards
Received investment from Castle Island Ventures (CIV), led by Nic Carter.
Tested post-quantum cryptography on testnet with Solana Foundation, showing signatures 40x larger than Ed25519 and 90% performance slowdown.
Releases first product enabling Bitcoin holders to generate quantum-resistant keys and prove ownership without moving funds.
Secures $6M VC funding for quantum security solutions for Bitcoin.