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Pantera Capital Invests $5 Million in Everclear for Cross-Chain Settlement Layer Development

13/06/2024 10:34

According to BlockBeats, venture capital firm Pantera Capital has announced a $5 million investment in Everclear to support the development of its cross-chain settlement layer technology. Everclear, formerly known as Connext, has been dedicated to solving the issue of asset transfers between blockchain networks since 2017. The company's latest settlement layer is a decentralized network designed to achieve inter-chain liquidity settlement and purification through complex intent resolution solutions and its independently developed optimistic rollup technology. This is expected to reduce the cost and complexity of cross-chain transactions by five times. Furthermore, Everclear's settlement layer supports custom settlement logic, allowing any blockchain to connect without barriers, promoting widespread network growth.

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