ZKsync creator floats governance token revamp to add ‘economic utility’

ZKsync co-creator Alex Gluchowski has proposed to shift the project’s governance token to one with “economic utility” and value capture.

The co-creator of the Ethereum-scaling solution ZKsync has proposed a major overhaul of its governance token, arguing it should prioritize “economic utility.”

In a post on Tuesday to the ZKsync forum, Alex Gluchowski argued that while its ZKsync (ZK) governance token was effective in the project’s early stages as the “architecture and adoption path were still forming,” the network has since rapidly evolved. 

He said it now hosts an ecosystem of interconnected zero-knowledge chains and it is important that ZKsync’s token captures network value and drives further ecosystem adoption. 

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