[Project Eleven Completes $20 Million Funding at a $120 Million Valuation, Aiming to Address the Threat of Quantum Computing to Cryptocurrencies] BlockBeats News, January 14, according to Axios, the startup Project Eleven, dedicated to protecting cryptocurrencies from the threat of quantum computing, has completed a $20 million funding round, reaching a valuation of $120 million. Quantum computing technology has the potential to break the cryptographic mechanisms underpinning cryptocurrency security, which has long been a concern for the cryptocurrency industry. Project Eleven focuses on addressing this issue by developing solutions to defend against quantum computing attacks, ensuring the security of blockchain networks and digital assets.