Matter Labs made a decision to stop pursuing the trademark for 'ZK,' short for zero-knowledge proof, following significant pushback from industry stakeholders. This decision came after vocal criticisms from key figures in the cryptographic field, including renowned innovators like Shafi Goldwasser and Silvio Micali. The community's outcry emphasized the importance of keeping foundational technologies like zero-knowledge proofs accessible to all rather than being restricted by corporate ownership. Matter Labs originally sought to trademark terms related to 'ZK' but faced backlash, prompting a reversal of their trademark applications. The withdrawal of these applications, announced on social media, signifies a shift towards embracing open technology standards. The intention behind the trademark filings was to protect specific contexts like 'ZK Sync' and 'ZK Stack,' aiming to prevent misinterpretation in the market rather than claim exclusive rights to the terms. However, the broader blockchain community viewed this move as potentially hindering the advancement and wider use of ZK technologies. The controversy arose as Matter Labs' ZkSync network, known for its innovative use of ZK-proofs in Ethereum Layer 2 scaling, prepared for an airdrop. Despite the positive transaction volumes and significant role within the blockchain ecosystem, ZkSync opted not to pursue trademark protection, aligning with a more collaborative approach within the Ethereum Layer 2 landscape. By forgoing trademark applications, ZkSync maintains its position in the competitive environment while fostering innovation and adoption. The decision to retract the trademark bid reflects a commitment to openness and inclusivity in technological development, ensuring that essential tools like ZK remain freely available to drive industry progress.
Matter Labs Withdraws ZK Trademark Application Amid Community Opposition

by Giorgi Kostiuk
2 years ago

Other news
Ethereum Attempts Recovery Amidst Selling Pressure

Ethereum is attempting to rebound after recent selling pressure, but the recovery is weak.

Tesla Stock Anticipated to Surge Following Grok AI Launch

Tesla stock is expected to rise following the launch of the Grok AI Assistant, which introduces new features for users.

Tesla Launches Grok AI Assistant in Europe, Boosting Stock Potential

Tesla has launched its Grok AI Assistant in the UK and European markets, enhancing its vehicle software capabilities.

China Boosts Oil Imports from Russia as India Shifts Focus

China has significantly increased its oil imports from Russia after India ceased procurement under a US trade deal.

Strategy's Bitcoin Accumulation Continues Despite Market Fluctuations

Strategy has been consistently adding to its Bitcoin holdings for 12 weeks, despite market fluctuations.

Fraudulent Letters Target Crypto Hardware Wallet Owners

Crypto hardware wallet users are receiving fake letters impersonating Trezor and Ledger, designed to steal digital assets.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter