Matter Labs Cancels ‘ZK’ Trademark Plans Amidst Industry Pushback Led by Polygon and StarkWare

  • Matter Labs, the innovative force behind the ZkSync Ethereum Layer 2 network, has retracted its trademark application for the term “ZK.”
  • The decision stems from Matter Labs’ acknowledgment of the challenges in identifying a universally accepted neutral party.
  • “We’re proud to be part of a movement that values cypherpunk principles, and the support from the zksync community was overwhelming,” expressed Matter Labs.

Discover how Matter Labs’ decision to drop its ZK trademark bid has resonated throughout the crypto community and what it means for the future of Web3.

Matter Labs Abandons “ZK” Trademark Pursuit

Initially, Matter Labs sought to trademark the term “zero-knowledge (ZK)” in multiple jurisdictions, igniting a confrontation with Polyhedra Network over its use as a ticker symbol. This dispute became the focal point of significant industry contention, with Polyhedra accusing Matter Labs of detrimental behavior that undermined Web3 principles.

The conflict quickly escalated, drawing support for Polyhedra from various industry stakeholders. Critics argued that Matter Labs’ attempt would effectively privatize a collectively-owned resource, leading to increased backlash.

In response, Matter Labs chose to withdraw its trademark application. They admitted that the principles that might work within the Ethereum ecosystem don’t seamlessly translate to a global platform characterized by diverse perspectives and stakeholders.

Community and Industry Reactions

Industry giants, including key figures such as Shafi Goldwasser, Silvio Micali, Sandeep Nailwal, Brendan Farmer, and Eli Ben-Sasson, collectively voiced their opposition to Matter Labs’ move. They emphasized that the accessibility of “ZK” is essential for all, and pursuing the trademark could alienate Matter Labs from the core community it aims to support.

StarkWare, another pioneer in ZK-proof technology, labeled Matter Labs’ actions as oppressive. Additionally, ConsenSys-backed Linea Layer 2 scaling solution stood with the industry voices, condemning Matter Labs for contravening the decentralized principles of the crypto world by attempting to secure the trademark.

Conclusion

Matter Labs’ decision to abandon its trademark application reflects the dynamic nature of the crypto industry, where community values and collective ownership take precedence over individual gains. This move serves as a crucial reminder of the founding ethos of Web3—fostering innovation through shared resources and collaborative efforts. As the landscape evolves, this event underscores the importance of keeping industry standards and community trust at the forefront.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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