tl;dr

Matter Labs, the entity behind Ethereum layer-2 (L2) scaling solution zkSync, has decided to drop its attempt to trademark the term "ZK" after facing strong opposition from industry experts and the community. This decision followed intense criticism and discussions about the importance of keeping ZK...

Matter Labs, the entity behind Ethereum layer-2 (L2) scaling solution zkSync, has decided to drop its attempt to trademark the term "ZK" after facing strong opposition from industry experts and the community. This decision followed intense criticism and discussions about the importance of keeping ZK technology accessible to all.

The disagreement over Matter Labs' trademark applications sparked significant backlash within the crypto community, reflected in a dip in sentiment analytics for zkSync. Despite this, zkSync remains one of the most popular L2 solutions in the Ethereum ecosystem, with a significant share of total L2 addresses.

After facing intense criticism, Matter Labs announced on June 2 via a post on X (formerly Twitter) that they would withdraw all trademark applications related to ZK. The company acknowledged the challenge of establishing a group perceived as neutral and fair by the global community.

Matter Labs initially said it applied for ZK-related trademark applications in nine countries to claim “zero-knowledge” technology, aiming to ensure ZK can be used freely in the context of “zkSync,” “ZK Stack,” and other firm-related names. However, efforts to solidify its ownership over ZK technology sparked significant criticism from the crypto community.

Several prominent figures in the ZK technology industry issued a joint public letter to address their concerns about Matter Labs. They emphasized the importance of keeping ZK technology for the public good, arguing that commercializing such a fundamental technology would go against the principles of freedom and openness that the crypto industry stands for.

The disagreement over Matter Labs’ trademark applications resonated deeply within the broader crypto community. Data from the Web3 information platform Kaito showed a significant dip in the sentiment analytics score for zkSync, reflecting the community’s negative response in the last few days of May.

Despite the backlash, zkSync is one of the most popular L2 solutions in the Ethereum ecosystem. Growthepie data reveals that zkSync has 767,730 weekly active addresses, representing a 10.2% share of total L2 addresses.

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Sector: Manufacturing

Industry: Household Audio & Video Equipment

Market Cap: 100.53 Billion

PE Ratio: 16.53

Dividend Yield: 4.98

Stock Price: $105.75

EPS: 0.0745

Revenue: 13.02 Trillion

Net Income: 115.78 Billion

Debt to Equity: 0.483

Price to Book: 0.136

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Stock Analysis: Mitsubishi UFJ Financial Group Inc ADR

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Sector: FINANCE

Industry: COMMERCIAL BANKS

Company Data:

Market Cap: $124.77 billion

Current Price: $13.47

PE Ratio: 41

EPS: $0.79

Revenue (ttm): $543.96 billion

Dividend Yield: 0.229

Shares Outstanding: 6.505 billion

Revenue Per Share: $11.73

Book Value Per Share: $0.234

Profit Margin: 0.006

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Mitsubishi UFJ Financial Group Inc ADR Summary

Mitsubishi UFJ Financial Group Inc ADR Summary

Mitsubishi UFJ Financial Group, Inc., a banking holding company, offers financial services in Japan, the United States, and Asia / Oceania. The company is headquartered in Tokyo, Japan.

Sector: FINANCE

Industry: COMMERCIAL BANKS

Stock Symbol: NEC

Market Cap: 124.77 billion

Current Price: $13.47

Price-to-Earnings Ratio: 41

Dividend Yield: 0.79%

Revenue (TTM): $543.96 billion

EPS (TTM): $0.229

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Beta: 11.73

Volatility: -0.234

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Industry: FINANCE

Sector: NATIONAL COMMERCIAL BANKS

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PE Ratio: 12.06

EPS: 105

Dividend Yield: 0.34

52-Week High: 246.35

52-Week Low: 0.217

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Sector: Technology

Industry: General

Support Levels: None

Resistance Levels: None

Breakout: None

Head and Shoulders Pattern: None

Bullish Trend: 0

Bearish Trend: 0

Relative Strength Index (RSI): 0

Moving Averages: None

Bollinger Bands: 0

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The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 19 Sep 24
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