Odaily News Matter Labs, the entity behind zkSync, announced on the X platform that it has decided to abandon all trademark applications for the term "ZK". After discussion, the team found that it was impossible to reach a consensus on a group of people that almost everyone believed to be credible and neutral. The solution that works for Ethereum may not work for the whole world. Earlier news, Matter Labs proposed to create a community-led ZK trademark holder entity and would provide financial support.