• Home
  • Crypto
  • Matter Labs Withdraws ZK Trademark Application 🚫🔒 Industry Reacts
Matter Labs Withdraws ZK Trademark Application 🚫🔒 Industry Reacts

Matter Labs Withdraws ZK Trademark Application 🚫🔒 Industry Reacts

Summary: Matter Labs Faces Backlash for Trademarking “ZK”

Matter Labs, the developer of zkSync, faced backlash after applying to trademark the term “ZK” in February 2024. The move was criticized by industry leaders, including the co-inventors of ZK Proofs, Shafi Goldwasser and Silvio Micali, for trying to claim ownership of a technology that should remain a public good. Following the uproar, Matter Labs decided to withdraw all trademark applications for the term “ZK.”

The Controversial Trademarking of “ZK”

Matter Labs, known for their Ethereum Layer 2 scaling protocol zkSync, stirred controversy by applying to trademark the term “ZK” in multiple countries. This move was seen as an attempt to monopolize a fundamental technology in the crypto space.

  • The term “ZK” stands for “zero-knowledge” and is integral to cryptographic techniques for proving the truth of a statement without revealing additional information.
  • Matter Labs sought to secure the term for use in their products like “zkSync” and “ZK Stack.”
  • However, this action was met with strong opposition by those who believed that ZK technology should remain open and accessible to everyone.

Industry Leaders Speak Out

A group of prominent figures in the ZK technology sector, including Shafi Goldwasser and Silvio Micali, voiced their concerns about Matter Labs’ trademarking attempt through an open letter. They emphasized the importance of keeping ZK technology freely available and criticized the move as contrary to the principles of openness in the crypto industry.

  • The signatories of the letter argued that ZK technology was a collective effort of researchers and engineers and should not be claimed by a single corporation.
  • They accused Matter Labs of exploiting the legal system to assert ownership over a technology that should belong to the community.

Matter Labs’ Response

Amid mounting criticism, Matter Labs announced on June 2, 2024, that they would retract all trademark applications for the term “ZK.” The company acknowledged the challenges of navigating global perceptions and recognized the need for neutrality in such matters to align with the ethos of the broader crypto community.

By listening to the community’s feedback, Matter Labs demonstrated a willingness to uphold the principles of transparency and collaboration that define the crypto ecosystem.

Hot Take: Upholding Openness in Crypto Innovation

It is crucial for companies in the crypto space to respect the foundational values of openness and collaboration that underpin technological advancements. Trademarking essential terms like “ZK” can hinder progress and stifle innovation within the industry.

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Share it

Matter Labs Withdraws ZK Trademark Application 🚫🔒 Industry Reacts