Matter Labs in fierce battle with Polyhedra, Starkware, Polygon after its zero-knowledge trademark filing

Source Fxstreet
  • Matter Labs filed a trademark for zero-knowledge as its exclusive intellectual property in different countries.
  • Polyhedra, Starkware and Polygon responded with statements demanding Matter Labs to withdraw the filing.
  • Polyhedra has changed its ticker symbol to ZKJ.

Matter Labs is facing strong opposition from Polyhedra, Starkware and Polygon on Thursday after a revelation that the company filed a trademark for zero-knowledge.

Matter Labs face fierce criticism upon ZK filing

Matter Labs, the company behind Ethereum Layer-2 protocol zkSync, filed trademark applications in nine countries, seeking to make zero-knowledge (ZK) its unique intellectual property. The move has attracted fierce criticism from the crypto community and prominent crypto companies in the industry.

The company had previously tried to register with crypto exchanges using ZK as its ticker symbol, even though Polyhedra Network had already chosen it. This resulted in a week-long battle between the two companies. After the announcement, Polyhedra blasted zkSync, calling the protocol "a robber and a thief," stating that "Web3 was never meant to be a breeding ground for bullying."

Read more: ZK ticker causes clash between Polyhedra and zkSync

zkSync's decision to use ZK as its ticker further led to a series of actions against Polyhedra, including the recent delisting of its token from the Kucoin Convert platform and the ticker symbol change on Bybit exchange. As a result, Polyhedra has decided to officially change its ticker symbol to ZKJ, "symbolizing 'ZK join,' a united and open ZK community."

In the aftermath of the conflict between the two companies, Starkware and Polygon joined Polyhedra in issuing statements against the trademark application, urging Matter Labs to withdraw it. They called the attempt an "oppressive behavior," seeing that the company neither "created nor contributed to the creation of this technology."

"By using the legal system to claim a public good for itself, Matter Labs contradicts the ethos of crypto, Ethereum, and its principles," said Starkware in an post on X.

Alex Gluchowski, the founder and CEO of Matter Labs, clarified that the company filed for the trademark to "prevent dishonest actors from misleading their customers and confusing their products and services with the ones offered by Matter Labs." Additionally, he stated how they had previously met with the Ethereum Foundation's legal team to find a lawful solution to the issue.

Also read: zkSync is allegedly planning token generation event and airdrop

"Matter Labs is a zealous proponent of the libertarian, cypherpunk ethos, and the values stated in the ZK Credo. We reject the very idea of 'Intellectual Property.' Everything we create is released to the public under free open source licenses," said Alex.

Alex also swiped at Starkware, urging members of the community who "filed trademarks relating to STARKs" to join the initiative.

Polygon criticized Matter Labs' actions in an X post a few hours later. 

"Despite relying on others' zk technology, Matter Labs now seeks to trademark "zk" to potentially restrict its use by others [...] For the sake of the entire space, this attack will not be tolerated," said Polygon.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Author  Beincrypto
Dec 17, 2024
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
placeholder
Silver Price Forecast: XAG/USD refreshes record high, looks to build on move beyond $61.00Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.
Author  FXStreet
Dec 10, Wed
Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.
placeholder
Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cutGold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
Author  FXStreet
Dec 11, Thu
Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
placeholder
Gold Price Forecast: XAU/USD climbs above $4,250 as Fed rate cut weakens US DollarGold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower. 
Author  FXStreet
Dec 12, Fri
Gold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower. 
placeholder
Ethereum Price Eyes an Upside Break — But $3,350 Has Other IdeasEthereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
Author  Mitrade
Dec 12, Fri
Ethereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
goTop
quote