Matter Labs Withdraws ZK Trademark Application Amid Community Opposition

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI


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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin's Price Volatility Linked to Federal Reserve's Interest Rate Decisions

Bitcoin's price volatility is influenced by the Federal Reserve's interest rate decisions, with current prices around $80,000 after a turbulent week.

user avatarDavid Robinson

Liquidity Concerns Pressure Datavault AI's Financial Outlook

Datavault AI is reassessing its liquidity and financing requirements following the Bitcoin access issues.

user avatarJacob Williams

Datavault AI Faces Major Investor Backlash Over Bitcoin Access Issues

Datavault AI's shares dropped nearly 50% due to issues accessing Bitcoin linked to a $150 million investment agreement.

user avatarSon Min-ho

Third-Party Bitcoin Custody Raises Concerns for Datavault AI

The reliance on third-party custody for Bitcoin transactions has come under scrutiny following Datavault AI's withdrawal issues.

user avatarZainab Kamara

Accounting Corrections Could Significantly Impact Datavault AI's Financial Statements

Accounting corrections could significantly impact Datavault AI's financial statements due to misclassification of Bitcoin assets.

user avatarAndrew Smith

JP Morgan Integrates JPM Coin with Ethereum Blockchain

JP Morgan announced the integration of its JPM Coin deposit token with the Ethereum blockchain, extending its services to eligible institutional clients.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.