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Connext rebrands to Everclear, raises $5 million from Pantera

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Connext News

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Connext, a blockchain interoperability platform, is rebranding to Everclear and developing a “clearing layer” for intent-based bridges.

Blockchain interoperability platform Connext is rebranding to Everclear as part of a strategic pivot.

Everclear will act as the new foundation of the modular stack, using an open network of intent solvers and the Everclear chain, an optimistic rollup. In this system, when a user from one blockchain wants to interact with an application on another, they broadcast their intent, allowing solvers to compete to fulfill it for a small fee and provide their own capital if needed.

Everclear is being developed as an Arbitrum Orbit-based rollup chain. It will utilize Hyperlane for permissionless communication across different chains and will be secured by Eigen Layer, operating as an actively validated service.

 

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