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Matter Labs Loses Bid for Zk Trademark Because Nobody Actually Cares About Zero-Knowledge Proofs

Crypto NewsHackRegulation/Negotiation 1 Doug Martinez August 16, 2024

An illustration of a giant, abandoned trademark application form with 'ZK' scribbled out in red ink across it, surrounded by scattered papers with zero-knowledge proof equations written on them. A faint image of Matter Labs logo can be seen torn and discarded at the bottom corner. The background is filled with tiny images of angry faces from different cultures looking down upon the abandoned form. In the top left a small clock ticking away amidst broken chains, symbolizing freedom.

The eternal farce that is cryptocurrency continues, with another developer getting burned because they thought they could trademark something in a space where everyone knows it’s all just made-up nonsense. Matter Labs’ bid to own ‘ZK’, an acronym as boring and overused as any other in the crypto world, has been met with predictable outrage from those who actually understand what zero-knowledge proofs are (i.e., not most of the people involved

Source: bitcoin.com

Community Backlash Forces Matter Labs to Drop ‘ZK’ Trademark Bid
https://news.bitcoin.com/community-backlash-forces-matter-labs-to-drop-zk-trademark-bid
The developer of the Zksync Ethereum Layer 2 network, Matter Labs, abandoned its bid to trademark the term ‘ZK’ just days after asserting its right to do so. Matter Labs’ trademark bid withdrawal follows a furious community backlash that ultimately saw co-inventors of zero-knowledge proofs publicly chastise the developer. Matter Labs, the developer of the Zksync Ethereum Layer 2 network, announced on June 2 that it’s abandoning all attempts to […]

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Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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