- Polyhedra Network, the developer of zkBridge, announced it will use the “ZKJ” code for its listing on the crypto exchange HashKey Global in response to an ongoing dispute with zkSync.
- The company rebranded itself as ZKJ, meaning joining the ZK community, and released a joint statement signed by notable figures from Polygon and StarkWare.
- Polyhedra called for Matter Labs to withdraw all trademark applications and usage of the “ZK” mark, emphasizing that it should be accessible to everyone.
Polyhedra Network rebrands as ZKJ amidst a trademark dispute with zkSync, calling for community-wide access to the “ZK” term.
“ZK” Term Sparks Controversy
Polyhedra stated, “This should not be a company’s trademark; it should be accessible to everyone.” They urged the community to demand Matter Labs withdraw all trademark applications and usage of the “ZK” mark. They added, “Despite signaling the same values, zkSync has repeatedly acted against Web3 ethics. If we don’t address this publicly, we believe the situation will continue and worsen.”
Background and Developments
Last Tuesday, The Block reported that zkSync intended to use “ZK” as a stock symbol ahead of its launch and airdrop, but faced issues as Polyhedra had already claimed the stock symbol. Bybit later announced adjustments to Polyhedra’s code and listed zkSync under the ZK code on its spot trading platform.
Conclusion
Polyhedra publicly condemned zkSync’s stock symbol choice, stating, “In 2024, despite the approval of the ETH ETF, it is incredible that projects still benefit various parties while stealing rightful names.” The ongoing dispute highlights the need for clear guidelines and ethical practices within the crypto community.
