What Quip Network does

Quip Network is a decentralized quantum compute network and post-quantum asset security layer, built by Postquant Labs (Casper, Wyoming) and founded in 2025 by Colton Dillion and Dr. Richard Carback. The platform has two interconnected layers: a Compute Layer that runs a blockchain whose Proof of Useful Work (PoUW) consensus executes real optimization workloads on D-Wave Advantage2 annealing quantum processors and classical hardware, and an Asset Layer that wraps existing wallets (MetaMask, Ledger, Safe, Trezor, Phantom) on Ethereum, Solana, and Bitcoin (via Arch Network) with post-quantum signatures using WOTS+, SPHINCS+, XMSS, and NIST-PQC standards (CRYSTALS-Dilithium, Falcon). Customers are organized into four segments — Consumers buying compute credits at spot rates with no minimums, Operators running nodes on QPUs/GPUs/CPUs/ASICs and earning QUIP, Enterprises using a private layer for finance/logistics/manufacturing workloads, and Developers publishing solvers that earn royalties — served through a hybrid PLG marketplace plus direct enterprise sales motion. Revenue mechanics are designed around usage-based compute credits, transaction fees, block rewards, and solver royalties, but the company is pre-mainnet, pre-revenue, and relies on token incentives and airdrop eligibility rather than paid flow during the testnet phase.

Name

Quip Network

Legal name

Postquant Labs

Website

https://quip.network

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Quip Network, built by Postquant Labs, operates a decentralized quantum compute marketplace using D-Wave Advantage2 QPUs and a post-quantum asset security layer wrapping existing crypto wallets across Ethereum, Solana, and Bitcoin.

Ownership category

akta.pro rank

Product category

Distributed Quantum Compute Marketplace

NAICS

Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Layer 1 Base Protocols & Consensus (execution, consensus, security, clients) (FSAPAAAA)

akta.pro secondary industries

Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing) (FSAPAAAH), Node Operations, RPC & Infrastructure Services (nodes, validators, RPC, relayers) (FSAPAAAF), Cross-Chain Security & Verification (light clients, zk/optimistic proofs, validation networks) (FSAPAKAF), Protocol Security, Monitoring & Risk Tooling (audits, formal verification, analytics) (FSAPAAAL)

Keywords

• Decentralized quantum computing
• Post-quantum cryptography
• Quantum compute marketplace
• Quantum-resistant wallets
• Blockchain consensus protocol

Headquarters

HQ city

Casper

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Compute Credits Marketplace: Users purchase QUIP credits to submit optimization workloads and access quantum processors. Operators earn QUIP for solving jobs and verifying results. Spot-market pricing matches buyers and sellers in real time.
2. Network Transaction Fees: Transaction and network fees paid in QUIP for wallet operations, asset transfers, and swaps on the asset layer.
3. Block Rewards: Miners earn QUIP tokens through block rewards for solving proof of useful work. Validators stake QUIP to finalize blocks and earn fees.
4. Solver Royalties: Developers publish quantum solvers and earn royalties each time their solver runs on the network.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Quip Network is a decentralized quantum-classical blockchain protocol that aggregates quantum and classical compute (QPUs, GPUs, CPUs, ASICs) into a single marketplace where users buy compute credits at spot rates to run optimization workloads, and hardware operators earn QUIP tokens by solving them. Its secondary asset layer provides post-quantum security wrappers that protect existing wallets on Ethereum, Solana, and Bitcoin from future quantum threats without requiring chain migrations. The protocol is open source and uses a novel Proof of Useful Work (PoUW) consensus where miners solve real optimization problems instead of arbitrary hashes.

Product overview

Quip Network is a decentralized marketplace for quantum computing with two interconnected layers: the Compute-Consensus Layer (a blockchain using Proof of Useful Work that solves real optimization problems while securing the network) and the Asset Layer (a post-quantum security wrapper protecting wallets on Ethereum, Solana, and Bitcoin). The platform connects quantum processor operators who resell excess capacity with consumers buying compute credits at spot rates, and developers who earn royalties when their quantum solvers run. Key products include quantum-resistant wallets (wrapping MetaMask, Ledger, Safe, Trezor, and Phantom with post-quantum cosignatures), compute credits traded on a spot clearinghouse, the QUIP token for network incentives, and domain-specific quantum compute services for finance, logistics, industrial manufacturing, and science/biotech. Both layers share the QUIP token and validator economy. The testnet is live with over 20,000 deployed wallets protecting over $1M in assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Quip Network Compute Layer Decentralized marketplace for quantum computing that connects quantum processors, miners, and developers into one shared protocol. Consumers buy compute credits and run optimization workloads on quantum processors at spot rates; operators resell excess compute capacity; developers earn royalties when their solvers run.
• Quip Network Asset Layer Post-quantum security wrapper for existing blockchains (Ethereum, Solana, Bitcoin) that protects user funds with quantum-resistant cryptography. Quantum-resistant wallets wrap MetaMask, Ledger, Safe, and other wallets with a cosigner that adds post-quantum signatures to transactions.
• Quantum-Resistant Wallets Wallets that add quantum-resistant cosignatures to existing wallet workflows (MetaMask, Ledger, Safe, Trezor, Phantom). Over 20,000 wallets deployed protecting over $1M in on-chain assets. Works on Ethereum, Solana, and Bitcoin via Arch Network integration.
• Compute Credits Universal compute credits (QUIP) that provide unified access across all quantum processor types. Credits work as a commodity on Quip Network's spot clearinghouse, matching buyers and sellers in real time at spot rates with no reservations or minimum commitments.
• Quantum-Resistant Wallets for Finance Quantum compute services for financial applications including volatility forecasting (extending validity windows from 15 minutes to 7 days), multi-asset best execution, portfolio optimization, and inventory management for active managers, market makers, passive managers, and high-frequency traders.
• Quantum Compute for Logistics Quantum optimization services for supply chain including multi-vehicle routing to maximize profit per mile, inventory planning and container packing, demand forecasting, and dynamic region subdivision for fleet allocation.
• Quantum Compute for Industrial & Manufacturing Quantum simulation and scheduling services including flow shop scheduling for job packing, materials simulation for R&D de-risking, design optimization for manufacturing margin, and strategic demand forecasting for JIT manufacturing.
• Quantum Compute for Science & Biotech Decentralized laboratory for combinatorial optimization (Max-Cut, Knapsack, Satisfiability), stochastic modeling for pattern identification in chaotic data, data labeling and compression, and molecular discovery simulations for drug discovery and novel materials.
• Quantum-Safe Digital Assets & Custody Institutional custody solutions with quantum-resistant cosigner wallets, key management, and audit trails sized for OCC-chartered institutions, exchanges, and custodians. Includes compliance and PQC audit services for NSS contractors and enterprises moving toward NSA CNSA 2.0 compliance.
• Enterprise Layer Private enterprise tier that keeps customer data, algorithms, and quantum usage off the open network. Designed for enterprises in finance, logistics, and manufacturing requiring data privacy while accessing quantum compute.
• Node Software Software for running nodes on CPUs, GPUs, ASICs, or QPUs to execute jobs for the network and earn QUIP. Classical nodes prep data for quantum machines and independently verify outputs; quantum nodes run algorithms directly on limited chip architectures.
• QUIP SDK Software development kit that abstracts quantum complexity, enabling developers to build quantum apps without deep domain knowledge. Available at quip.gitbook.io/docs with documentation for post-quantum encryption and quantum acceleration.
• Testnet Public testing environment with over 500 active nodes, reaching 160 PFLOPS peak compute. Both quantum and classical hardware operators can participate and earn QUIP rewards. Over 13,000 researcher sign-ups at launch.
• Encrypt Protocol Post-quantum encryption protocol for securing data and communications with quantum-resistant cryptography.
• Accelerate Protocol Quantum acceleration protocol for running optimization workloads on quantum processors.

Quantifiable outcome

• 92% block win rate for D-Wave Advantage2 quantum processor
• +6 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability2 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• D-Wave Quantum Inc.coreTechnology or Integration · 2 April 2026D-Wave consulted on development and provided its Advantage2 annealing quantum computing technology for the Quip Network testnet. The quantum processor mines cryptocurrency on the Quip blockchain and wins 92% of blocks it competes for. D-Wave also conducted customer research showing over half of business leaders plan to integrate quantum computing into workflows.
• Arch NetworkcoreTechnology or IntegrationArch Network is a Bitcoin-native smart contract layer (L2) that enables Quip Network to commit post-quantum public keys directly to Bitcoin without bridges or wrapped assets. This allows quantum-resistant Bitcoin wallet protection without requiring a soft fork or consensus change.
• Postquant LabscoreOthersPostquant Labs is the company building Quip Network, based in Casper, Wyoming. It provides PQC algorithm selection, hybrid deployment, and security audits. Also maintains the Quantum Doomsday Clock tracking when quantum computers may break current cryptography.

Scale indicators8 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• XX Network: Quantum-resistant blockchain with metadata-shredding messaging, co-founded by Quip's CTO Dr. Richard Carback. Most direct comparable on the post-quantum asset layer and on quantum-resistant consensus design.
• Render Network: Decentralized GPU compute network monetizing idle rendering capacity via token incentives. Comparable marketplace mechanics and operator/incentive design to Quip's compute layer, though focused on GPU rendering rather than quantum optimization.
• Akash Network: Decentralized compute marketplace where users lease CPU/GPU capacity from providers via spot pricing and tokens. Highly comparable to Quip's spot clearinghouse model for quantum compute, with Quip extending the same thesis to QPUs and useful-work consensus.
• Quantum Resistant Ledger (QRL): Blockchain purpose-built around post-quantum cryptography (XMSS) for digital asset security. Comparable to Quip's asset layer offering PQC-secured wallets, though QRL is a standalone L1 while Quip wraps existing chains.

Emerging players

• MultiversX: High-throughput L1 blockchain with a stated focus on post-quantum readiness and broad crypto use cases. Comparable on the post-quantum security thesis, with partial overlap on chain positioning rather than quantum compute.

Broad incumbents

• D-Wave Quantum: Public quantum hardware vendor whose Advantage2 annealers power Quip's testnet and provide the underlying quantum compute. Comparable as a quantum compute provider, but a partner rather than a head-to-head marketplace competitor.
• AWS Braket: Amazon's managed quantum computing service providing on-demand access to multiple hardware providers. Competes directly with Quip's self-serve compute marketplace for spot-priced quantum workloads.
• Quantinuum: Trapped-ion quantum hardware and software stack with enterprise and research customers. Comparable as a quantum optimization provider for the same finance, chemistry, and logistics use cases Quip targets.
• IBM Quantum: Established quantum cloud platform with on-demand access to superconducting and other QPUs. Competes with Quip for the same enterprise quantum optimization workloads in finance, logistics, and research.
• IonQ: Public trapped-ion quantum computing company offering cloud access to its systems. Competes for enterprise quantum optimization workloads and developer mindshare in the same market Quip addresses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/quipnetwork
• GitHubgithub.com/quipnetwork
• LinkedInlinkedin.com/company/postquant-labs

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quip Network