The Latest Beef in Web3

TL;DR

Full Story

Drake and Kendrick? That’s previous information.

There’s a brand new beef on the town, and this time it’s taking place within the web3 area.

Right here’s what’s occurred to date:

An organization known as Matter Labs has filed trademark purposes in 9 nations to assert the time period “zero-knowledge” because the agency’s unique mental property.

They declare that, as a result of they developed ‘zkSync’ (a product that helps scale Ethereum), they need to be capable to declare the trademark.

Downside is, loads of firms have used zero-knowledge (ZK) expertise.

Getting a trademark for ZK tech is akin to getting a trademark on ‘the web’ since you made a web site.

Or because the CEO of StarkWare, Eli Ben-Sasson, put it: “It’s as absurd as a person baker making an attempt to impose a blanket patent on bread.”

As a logo of goodwill, Polyhedra Community introduced yesterday that they are going to go together with the ticker “ZKJ” for his or her Friday itemizing as a substitute of the initially deliberate “ZK” ticker.

Polyhedra, Polygon and StarkWare additionally printed a joint assertion signed by every that ZK “ought to stay a public good.”

Proper now we’re ready to listen to how Matter Labs will reply, however our feeling is that they’ll let the authorized battle in all 9 nations run it’s course and hope for one of the best.

Downside is, fame is so necessary in web3.

Get customers off-side and you might be in some severe bother.

Let’s see how this performs out.