📣 Matter Labs, creators of ZkSync Ethereum Layer 2, are waving goodbye to their trademark efforts for the term "ZK". 🏳️

• After a clash with Polyhedra Network over the use of "ZK" as a ticker symbol, Matter Labs faced a backlash from the Web3 community, leading them to drop their trademark plans.

• The firm acknowledged that what works in the Ethereum ecosystem might not be globally applicable, given the diverse perspectives and stakeholders involved.

• Key figures from ZK projects, including Polygon co-founders and StarkWare's CEO, expressed strong opposition to the move.

• StarkWare called the behavior "oppressive", while ConsenSys-backed Layer 2 solution Linea also condemned Matter Labs' actions.

Matter Labs said, "We’re proud to be a part of a movement that cares so deeply about cypherpunk values."

What do you think about this? Share your thoughts in the comments! 🗨️ #Web3 #Layer2 #DeFi #DAO