Project Eleven just wrapped up a Series A funding round, bringing in $20 million to push the project toward a $120 million valuation.

So what's the play here? The team is gearing up to tackle one of crypto's biggest looming challenges—post-quantum threats. As quantum computing tech keeps advancing, existing cryptographic systems used across blockchain networks face potential vulnerabilities. It's not tomorrow's problem, but it's definitely on the radar now.

This funding will fuel development efforts to harden crypto networks against quantum-era attacks. Think of it as upgrading the security infrastructure before the threat fully materializes. With major cryptographic shifts potentially coming down the line, projects that build quantum-resistant solutions early could gain significant competitive advantage.

For anyone tracking blockchain security innovation, this is worth watching.