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The blockchain security protocol Naoris Protocol has completed a $3 million strategic round of financing.
PANews May 30 news, according to The Block, the Blockchain security protocol Naoris Protocol has completed a $3 million strategic round of financing, led by Mason Labs, with participation from Frekaz Group, Level One Robotics, and Tradecraft Capital. The funds will be used to develop Blockchain security infrastructure against Quantum Computing threats. According to the introduction, the core products of Naoris Protocol include: a plug-and-play cybersecurity mesh architecture, a Layer1 Blockchain compatible with all EVM chains and using post-quantum encryption technology, and a PoS consensus mechanism that meets international security standards such as NIST. In July 2022, it was reported that Naoris Protocol completed a $11.5 million financing round, led by Tim Draper.