Matter Labs, the team behind ZkSync Ethereum Layer 2 network, has withdrawn its attempt to trademark the term "ZK". The decision comes after a week-long dispute with Polyhedra Network, which accused Matter Labs of undermining Web3 principles. The move was also criticized by industry figures who argued it would privatize a public resource. Matter Labs acknowledged the global diversity of perspectives and interests, stating that what works within the Ethereum ecosystem may not be globally applicable. The company expressed gratitude for the support received from the zksync community, emphasizing the importance of community in the blockchain industry.