Connext Rebrands to Everclear, Unveils Layer-2 Interoperability Enhancements
CryptoNewsTerminal Staff03 Jun, 2024
Connext Rebrands to Everclear, Unveils Layer-2 Interoperability Enhancements
Layer-2 interoperability protocol Connext has rebranded to Everclear, signaling a new chapter in its mission to connect various blockchain networks. This strategic move aligns with the company's focus on building a clearing layer for intent-based bridges. Everclear's clearing layer operates as a backend liquidity platform, facilitating order matching for intent-based bridges. This innovative approach enables seamless asset transfer between different blockchains, addressing a key challenge in the Layer-2 interoperability landscape. In addition to the rebranding, Everclear recently secured $5 million in a private token sale led by Pantera Capital. The funds will support the development of the clearing layer, aiming to enhance the scalability and efficiency of Layer-2 solutions. Everclear's mainnet launch is scheduled for Q3 of this year, further solidifying its position as a leader in blockchain interoperability.
