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

Blockchain interoperability platform Connext has announced a strategic transformation, rebranding as Everclear. In addition to the rebranding, the project is also developing a "clearing layer" for intent-based cross-chain bridges, addressing challenges related to intent rebalancing and settlement. Everclear will serve as the new foundation of a modular stack, utilizing an open intent resolver network and Everclear chain, an optimistic Rollup. The so-called clearing layer will serve as its own blockchain, acting as a backend liquidity platform, providing order matching services for intent-based cross-chain bridges.