Connext changes its name to Everclear and starts developing a clearing layer based on an intention-based cross-chain bridge

Blockchain interoperability platform Connext announced that it is undergoing a strategic transformation and rebranding to Everclear. In addition to the rebranding, the project is also developing a "clearing layer" for intent-based cross-chain bridges, solving the challenges associated with rebalancing and settlement of intent. Everclear will serve as the new foundation of the modular stack, leveraging an open network of intent solvers and Everclear Chain, an optimistic Rollup. The so-called clearing layer will serve as its own blockchain, acting as a backend liquidity platform to provide order matching services for intent-based cross-chain bridges. (TheBlock)