Bitcoin startup Hedgy transforms into a blockchain company, seeking a "second life"

As Bitcoin encounters more and more problems, its popularity gradually decreases, while its underlying technology, blockchain technology, is gaining more and more attention. Therefore, many Bitcoin companies are beginning to seek transformation and research and develop blockchain technology and its products.

Hedgy CEO Matt Slater recently said that Hedgy will no longer be a Bitcoin company.

In a recent interview, Slater said Hedgy has repositioned itself from being a bitcoin and smart contract startup to a blockchain application development platform similar to Chain or Gem.

Last April, Hedgy raised $1.2 million in funding from some notable venture investors, including Draper Fisher Jurvetson partner Tim Draper, Salesforce CEO Marc Benioff, and Sand Hill Ventures.

Slater told CoinDesk:

“We find blockchain to be much more interesting than bitcoin products. We see a huge opportunity in general purpose blockchain applications.”

Matt Slater

Slater declined to name the firm’s clients, but said it is now “blockchain agnostic,” providing services for bitcoin, ethereum and the ongoing Hyperledger blockchain project.

Slater said Hedgy is gradually exploring Ethereum given the platform’s technical advantages.

“Ethereum is in great demand, at least the developer attention is focused on Ethereum.”

Slater said the company will make an announcement soon about future development plans.

Original article: http://www.coindesk.com/bitcoin-startup-hedgy-blockchain-firm/
By Pete Rizzo
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/bitcoin-startup-hedgy-blockchain-firm)