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BCH $205.08 +0.68%
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HYPE $59.42 +3.99%
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ZEC $514.79 +5.90%

Matter Labs submits trademark application for "ZK," sparking widespread dissatisfaction in the crypto industry

2024-05-30 20:22:22

ChainCatcher news, according to Cointelegraph, zkSync developer Matter Labs has filed trademark applications for "ZK" in 9 countries, claiming that the term "zero knowledge" is the company's exclusive intellectual property. This move has sparked widespread discontent in the crypto industry.

In response, industry leaders including Polygon co-founder Sandeep Nailwal and Brendan Farmer, StarkWare CEO Eli Ben-Sasson, Polyhedra Network co-founder and zkBridge inventor Tiancheng Xie, as well as Turing Award winner and co-inventor of ZK-proofs Shafi Goldwasser, signed an open letter calling for Matter Labs to withdraw the trademark application, stating that it is an "oppressive act."

StarkWare CEO Eli Ben-Sasson directly stated that Matter Labs' attempt to trademark ZK technology is an "absurd act of intellectual property hijacking."

Currently, Matter Labs has not responded to this matter.

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