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
Made with AI
Tier I
Sector: #18291
Sealed Hiding Place Room

Resource Cache
Tier I

Meme Cache
Tier I

Equipment Cache
Tier I
After collecting, hiding places will be stored in your inventory and can be opened with Keys.
Tier I
Sector: #18291
25%
50%
75%
100%
Survivors rescued:
0 / 600
Survivors
0/0
Other news
SoFi Introduces SOFIE Tokenized Deposit for Earning Interest
SoFi has launched a new tokenized deposit product named SOFIE, allowing consumers to earn interest on dollar balances while facilitating blockchain transfers.

Chainlink and LG CNS Join Forces to Enhance Digital Asset Infrastructure in South Korea
Chainlink and LG CNS have announced a partnership to enhance oracle and crosschain infrastructure for South Korea's financial institutions.

HSBC Introduces RedCoin for Consumer Payments
HSBC has launched RedCoin, a stablecoin backed by the Hong Kong dollar, for consumer payments through its PayMe app.

CME Group Achieves Record Revenue and Trading Volume in Q3
CME Group reports a remarkable 13% increase in Q3 revenue, reaching $17.373 billion, with an average daily trading volume of 294 million contracts.

Zcash Investment Product Sees Significant Inflows
Demand for the Zcash investment product tracked under ticker ZCSH surged on October 21, marking a notable recovery after earlier withdrawals.

BTCPay Server Documentation Guides Merchants on Payment Integration
BTCPay Server provides documentation for merchants on how to connect its payment system to WooCommerce, emphasizing the importance of maintaining all components.

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




