Odaily Planet Daily News Blockchain interoperability platform Connext announced that it is undergoing a strategic transformation and will rebrand to Everclear. It has also completed a $5 million financing by selling NEXT tokens to Pantera Capital. In addition to the rebranding, the project is also developing a "clearing layer" for intent-based cross-chain bridges, solving the challenges associated with the rebalancing and settlement of intent. Everclear will serve as the new foundation of the modular stack, leveraging an open network of intent solvers and the Everclear chain, an optimistic Rollup. The so-called clearing layer will serve as its own blockchain, acting as a back-end liquidity platform to provide order matching services for intent-based cross-chain bridges. (TheBlock)
