According to an official announcement, Connext (NEXT), a blockchain interoperability platform, will change its name to Everclear.
The draft states that a special "exchange layer" will be developed in conjunction with this. According to the statement, this exchange layer is designed to address rebalancing and alignment of intent. Acting as a proprietary #blockchain , this layer serves as an internal liquidity platform that facilitates the reconciliation of intermediate intent-based orders.
To support the development and implementation of the liquidation layer, Everclear sold $500 million worth of Connext (NEXT) tokens to cryptocurrency firm Pantera Capital in an OTC transaction.
The event appears to have been well-received by the #token community. The altcoin, which is traded on Bybit, one of the largest exchanges, has risen in value by about 8% in the past 24 hours.
According to its own statement, Connext hosts a decentralized application that runs on every blockchain and can use every token, claiming a total blocked value of 10 billion yen.
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