Pantera Capital has invested $5 million in Everclear to support its development of a cross-chain clearing layer
2024-06-13 02:38:24
On June 13th, according to an official announcement, venture capital firm Pantera Capital announced an investment of $5 million in Everclear to support its development of cross-chain clearing layer technology. Everclear (formerly known as Connext) has been working on solving the problem of asset transfer between blockchain networks since 2017. The company's latest clearing layer is a decentralized network that aims to achieve the settlement and purification of inter-chain liquidity through complex intent solutions and self-developed optimistic convolutional technology. It is expected to reduce the cost and complexity of cross-chain transactions fivefold. In addition, Everclear's clearing layer supports custom settlement logic, allowing for barrier-free access to any blockchain, driving the widespread growth of the network.
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