%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment AmericanFortress says it has closed an $8 million U.S. funding round to help it develop quantum-resistant blockchain technologies. The company is a Web3 wallet and transaction infrastructure firm designed to enhance security, privacy, and usability in cryptocurrency transfers.AmericanFortress has also filed for a patent related to quantum-resistant cryptographic technology. Management said in a news release that the quantum-resistant technology could protect crypto wallets across every major blockchain network.Concerns have arisen in recent months about quantum computers and the threat they pose to cryptocurrencies such as Bitcoin (CRYPTO: $BTC ). Specifically, powerful quantum computers running Shor's algorithm could derive a private key from a public key, potentially allowing an attacker to drain crypto wallets of tokens and funds. "We're adding a layer of security that protects every transaction against the quantum threat horizon," said AmericanFortress CEO Michal Pospieszalski in a written statement. The new $8 million U.S. in seed funding will support the production and deployment of AmericanFortress' privacy infrastructure, said the company.AmericanFortress is privately held and its stock doesn't trade on a public exchange.