🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

Matter Labs Looks to Trademark "Zero-Knowledge," Sparks Outrage

Key Takeaways

  • Matter Labs has filed trademark applications for the term "zero-knowledge";
  • Leading ZK project figures argue that ZK should remain a public good and call for the withdrawal of the trademark application;
  • Matter Labs' CEO, Alex Gluchowski, defends the trademark move as a protective measure.
Matter Labs Looks to Trademark "Zero-Knowledge," Sparks Outrage

Matter Labs, the developer behind zkSync, has sparked controversy within the crypto community by filing trademark applications for the term "zero-knowledge" (ZK) in nine countries, which many believe goes against the industry’s cooperative nature.

Matter Labs has also previously attempted to register a token under the symbol "ZK" on several crypto exchanges.

ZK technology is vital in cryptographic protocols, as it allows one to prove that a piece of data is true without having to reveal it.

What is a Crypto Bridge? (Explained with Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is a Crypto Bridge? (Explained with Animations)

What is a Crypto Bridge? (Explained with Animations) What is a Crypto Bridge? (Explained with Animations)

Critics argue that Matter Labs' actions constitute an overreach of intellectual property rights. Eli Ben-Sasson, CEO of StarkWare, has been vocal in his disapproval, stating:

It’s as absurd as an individual baker trying to impose a blanket patent on bread.

In a public statement from leading ZK projects, Turing award winner and co-inventor of ZK proofs Shafi Goldwasser, StarkWare co-founder Eli Ben-Sasson, Polygon co-founders Sandeep Nailwal and Brendan Farmer, Polyhedra Network co-founder Tiancheng Xie, and Kakarot co-founder Elias Tazartes called for the withdrawal of the trademark application. They stated:

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 freedoms.'

Alex Gluchowski, founder and CEO of Matter Labs, responded by rejecting the notion of intellectual property in this context, arguing that trademarks exist to protect users rather than companies.

StarkWare's Ben-Sasson has noted ZK technology's vast potential beyond blockchain, with current blockchain applications paving the way for wider adoption. As this technology's importance grows, the debate over its ownership and accessibility is likely to intensify, highlighting the tension between private enterprise and public good.

Ethereum co-founder Vitalik Buterin highlighted an innovative use case for ZK technology, proposing its application for "likes" on Farcaster, a decentralized social media protocol.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating