Connext has been renamed to Everclear and sold 5 million dollars' worth of NEXT tokens to Pantera Capital

ChainCatcher news, the blockchain interoperability platform Connext has announced its rebranding to Everclear, introducing a settlement layer for intent-based cross-chain bridges. The project also sold $5 million worth of NEXT tokens to Pantera Capital through an over-the-counter transaction to support the development and implementation of the settlement layer.

Everclear is developing a Rollup chain based on Arbitrum Orbit, and Everclear's testnet is currently running, with multiple partners already developing on it, including Socket, Particle Network, Router, Enzo, etc. Its mainnet is expected to launch in the third quarter of 2024.