Krown Technologies and Quantum eMotion Launch Qastle - The First Hot Wallet Secured by Quantum Entropy and Post-Quantum Encryption

Core Insights - Krown Technologies and Quantum eMotion have launched Qastle, the first quantum-secured hot wallet, aimed at disrupting a market projected to exceed $100 billion by 2033 [1][2][5] Industry Overview - The global crypto-wallet industry is valued at $12.6 billion and is expected to grow significantly, with hot wallets being the most commercially active segment [2] - Hot wallets are vulnerable to cyber threats due to their constant internet connectivity, making them prime targets for attacks [2] Product Features - Qastle utilizes Quantum Entropy-as-a-Service and post-quantum cryptography to enhance security, providing superior randomness and key protection compared to traditional methods [3][4] - The wallet's security is based on QeM's QRNG2 true-entropy engine, which generates non-deterministic randomness for various security functions [4] - Qastle is designed to be user-friendly while offering advanced security features suitable for both mobile and desktop environments [6] Market Potential - Krown Technologies anticipates between 50,000 and 150,000 users in Qastle's first quarter, with projections of over 1 million users within the first year [7] - The estimated first-year gross revenue for Qastle is projected to be between $8 million and $15 million, highlighting the significant market opportunity [7] - Comparisons to industry precedents, such as MetaMask Swaps generating over $250 million in cumulative fees, underscore the potential scale of Qastle's market impact [7]