Pantera Capital: Invested $5 million in Everclear to support its development of a cross-chain clearing layer

BlockBeats reported that on June 13, according to an official announcement, venture capital firm Pantera Capital announced a $5 million investment in Everclear to support its development of cross-chain clearing layer technology. Everclear (formerly Connext) has been working to solve the problem of asset transfer between blockchain networks since 2017. The company's latest clearing layer is a decentralized network that aims to achieve settlement and purification of inter-chain liquidity through complex intent solutions and self-developed optimistic convolution technology, which is expected to reduce the cost and complexity of cross-chain transactions by five times. In addition, Everclear's clearing layer supports custom settlement logic, allowing barrier-free access to any blockchain, driving widespread growth of the network.