Odaily News Connext, a blockchain interoperability platform, announced that it is undergoing a strategic transformation, rebranding to Everclear, while also completing a $5 million financing round through the sale of NEXT tokens to Pantera Capital. In addition to the rebranding, the project is also developing a "clearing layer" for intent-based cross-chain bridges, solving challenges related to the rebalancing and settlement of intent. Everclear will serve as the new foundation of the modular stack, leveraging an open network of intent solvers and the 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.