✨ Matter Labs Abandons Plan to Trademark 'ZK'
posted 3 Jun 2024
Matter Labs, the entity behind the L2 network zkSync, has decided not to pursue trademarking the term "ZK" following resistance from the cryptocurrency community.
A group letter addressed to Matter Labs included signatures from Shafi Goldwasser and Silvio Micali (the inventors of zero-knowledge technology), as well as Sandeep Nailwal and Brendan Farmer (co-founders of Polygon), and Eli Ben-Sasson (CEO of StarkWare), among other notable figures in the ZK sphere. They argued that ZK is a communal resource that should not be trademarked by any single company, stating that doing so would likely deter the broader community from engaging with the project.
It would be impossible to agree on a group of people perceived as credibly neutral by nearly everyone. What could have worked for Ethereum would not necessarily work for the entire world,Matter Labs commented on the withdrawal.
Additionally, Matter Labs intended to release their own tokens with the ticker 'ZK' but encountered opposition from the Polyhedra project, which had already been using the same ticker. As a result, Polyhedra changed their ticker to 'ZKJ'.
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