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
Danske Bank Begins Offering Customers Access to Bitcoin and Ether

Danske Bank, Denmark's largest bank, has started offering customers access to Bitcoin and Ether through exchange-traded products in response to growing demand for cryptocurrency.

Danish Banks' Reluctance to Embrace Cryptocurrency Affects Ownership Rates

Danish banks have restricted access to cryptocurrency, leading to only 4% of citizens owning crypto, compared to over 10% in countries like Norway and the UK.

Concerns Rise Over Delay in CLARITY Act Markup

Concerns rise over the delay in the markup of the CLARITY Act by the Senate Banking Committee, which has been postponed to late April or mid-May, raising fears about the bill's future.

ETH Staking Market Cap Reaches New Heights Amid Bullish Trends

The Ethereum staking ecosystem has seen remarkable growth, with its market cap soaring to $852 billion.

BPI Proposes New Policy for Stablecoin Supremacy in the US

The Bitcoin Policy Institute (BPI) has proposed a new policy for establishing stablecoin supremacy in the US, focusing on enhancing oversight over offshore dollar markets and reducing systemic risks.

Saxony May Access Additional 57,000 Bitcoin in Movie2k Case

A proposed court deal in the movie2k case could allow Saxony to access an additional 57,000 Bitcoin, raising concerns about state-controlled supply in the market.

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