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
Hashi's Guardian Layer Enhances Security for Bitcoin Lending

Hashi's testnet incorporates a Guardian Layer designed to add security checkpoints around Bitcoin-backed activities, utilizing a 2-of-2 multisig requirement and MPC threshold signatures.

Hashi Launches Testnet for Bitcoin-Backed Lending on Sui

Hashi has launched a testnet on Sui for Bitcoin-backed lending, enabling developers to utilize BTC collateral and a Guardian Layer security model.

Coinbase Introduces Native Staking Support for Sui

Coinbase has launched native staking support for Sui, allowing eligible users to earn SUI rewards directly through the exchange.

Sui Introduces Gas-Free Stablecoin Transfers to Enhance User Experience

Sui has launched a new model that allows users to transfer stablecoins without the need to hold native SUI for gas fees, improving the user experience.

Japan Moves Towards Legal Framework for Bitcoin ETFs

Japan's Cabinet has submitted a bill to amend financial laws, paving the way for potential Bitcoin ETFs.

Kraken's Complex Regulatory Presence in the UK

Kraken operates in the UK through multiple FCA-regulated entities, showcasing the intricate nature of crypto regulation.

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