Cryptocurrencies

    Matter Labs' trademark attempt for 'ZK' sparks industry backlash

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    zkSync's developer, Matter Labs, faces criticism for attempting to trademark the acronym "ZK," with industry leaders denouncing the move as an encroachment on public domain technology.

    Executives from prominent crypto firms including Polygon (CRYPTO:MATIC) and StarkWare condemn Matter Labs' actions, arguing that "ZK" should remain a public good.

    Matter Labs CEO Alex Gluchowski defends the move as "defensive," aimed at protecting users from confusion, but his response fails to alleviate concerns within the community.

    Gluchowski's assertion of maintaining libertarian values clashes with industry sentiments, with critics doubting the move's alignment with cypherpunk ethos.

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