Polyhedra to Adopt ZKJ Ticker, Ceding ZK to zkSync

Web3 infrastructure startup Polyhedra Network has announced its intention to use the ticker ZKJ for its upcoming listing on the HashKey Global cryptocurrency exchange and similar future events. This was reported by The Block.

In a conversation with the publication, project representatives explained that ZKJ stands for ZK Join — a unified and open ZK community.

The co-founders of the Polyhedra, Polygon, StarkWare, and Kakarot platforms issued a joint statement. It states that ZK is “a public good that should belong to everyone.”

“It should not be a trademark or a corporation: rather, it should be accessible to all,” the statement reads.

The signatories also called on Matter Labs, the company behind zkSync, to withdraw all trademark applications.

“zkSync acted contrary to the ideals of Web3, despite constantly declaring the same values. We believe that if we do not speak publicly about such behavior, it will continue and potentially worsen,” noted Polygon co-founder Sandeep Nailwal.

Polyhedra Network is developing the zkBridge interoperability protocol based on zero-knowledge proofs. Other products of the project include the decentralized identification system zkDID and the ParaPlonk scaling solution, which uses ZK-Rollups.

Previously, Polyhedra Network accused zkSync of stealing the token ticker. According to media reports, the launch of the latter is scheduled for June.