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What will be the impact on Matter Labs' reputation by end of 2024?
4
Resolution / Starting Odds
Positive • 33%
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Neutral • 34%
Public sentiment analysis, media reports, and community feedback
Story
Matter Labs Faces Backlash Over 'Zero-Knowledge' Trademark Attempt in Nine Countries
May 30, 2024, 04:09 PM
Matter Labs, the company behind zkSync, is facing significant backlash from the cryptocurrency community after filing trademark applications in nine countries to claim the term 'zero-knowledge'. The move has been widely criticized as contrary to the open-source and collaborative ethos of the crypto industry, as outlined in the ZK Credo. Critics argue that trademarking such a fundamental cryptographic term could stifle innovation and limit the use of 'zero-knowledge' by other organizations. Matter Labs defended the decision, stating it was a protective measure to prevent misuse by bad actors. Many in the industry view Matter Labs' actions as an overreach and a departure from the principles of free competition and open-source development.
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