Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Matter Labs Withdraws ‘ZK’ Trademark Application After Industry Backlash

Matter Labs Withdraws ‘ZK’ Trademark Application After Industry Backlash

Cryptonews2024/06/03 05:46
By:Hongji Feng

Matter Labs , the developer of the ZkSync Ethereum Layer 2 network, has dropped its attempt to trademark the term “ZK” following backlash.

According to a statement posted on social media by Matter Labs, the decision to withdraw applications came after extensive discussions with key figures in the zero-knowledge proof field.

Community Leaders Condemn Unethical Attempt


A group of industry leaders published a statement to criticize the company’s attempt. The backlash was driven by concerns that trademarking the term would undermine the community’s collaborative spirit and restrict access to a fundamental technology.

“We condemn this behavior in the strongest possible terms, as a transparent attempt by a corporation to claim ownership over something that does not belong to it,” the public statement reads. “We believe that ZK is a public good that belongs to everyone.”

“A company exploiting the legal system to annex a public good violates the crypto ethos, the Ethereum ethos, and the academic ethos. It even goes against Matter Labs’ own ethos, which states: ‘We can make this world better by increasing people’s freedom,’” the letter addressed.

The statement also emphasized that ZK should remain public and accessible to all users. It stated that the technology and knowledge were created collectively, and therefore, all contributions should be owned by the collective.

The signatories included ZK Proofs co-inventors Shafi Goldwasser and Silvio Micali, StarkWare CEO Eli Ben-sasson, Polygon co-founders Sandeep Nailwal and Brendan Farmer, Polyhedra Network co-founder Tiancheng Xie, and Kakarot co-founder Elias Tazertes.

Matter Labs to Launch ZK Token Airdrop


Matter Labs said in the post that the company was proud to be in the movement that demonstrated tremendous care about crypto values.

“As a result of these conversations, we decided to drop all trademark applications for the term ‘ZK,’” said the company. “What could have worked for Ethereum would not necessarily work for the entire world.”

In addition, the company planned to launch an airdrop and invited the current users to register for wallets whitelisting.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

PNUTUSDT now launched for futures trading and trading bots

Bitget has launched PNUTUSDT for futures trading with a maximum leverage of 50, along with support for futures trading bots, on November 11, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. PNUTUSDT-M perpetual futures: Parameters Details Listing

Bitget Announcement2024/11/11 09:29