PANews reported on May 30 that according to The Block, 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 under the threat of quantum computing.

According to reports, Naoris Protocol's core products include: plug-and-play network security grid architecture, Layer 1 blockchain compatible with all EVM chains and using post-quantum encryption technology, and PoS consensus mechanism that complies with international security standards such as NIST.

Earlier in July 2022, it was reported that Naoris Protocol completed US$11.5 million in financing, led by Tim Draper .