ConsenSys, Metamask’s parent company has addressed the issue of IP collection on the platform, stating that users’ data will not be monetized and nothing has changed in the way MetaMask and Infura operate.
ConsenSys, the parent company of MetaMask, issued a statement to reaffirm the purposes of its data collecting after community outrage following an initial privacy policy amendment on Nov. 23.
The business said that it has always explained in the policy how certain categories of personal information are automatically acquired, including IP addresses. ConsenSys claims that the most recent improvements were made in an effort to be transparent about how Infura, MetaMask’s default Remote Procedure Call (RPC), handles user information.
MetaMask itself does not collect IP addresses, according to ConsenSys. Users who use their wallets using Infura apps, according to the rules, are susceptible to data gathering.
The business asserted in a tweet that “nothing” else about the policy or data gathering had changed, merely the text of the policy.
ConsenSys commented in an interview with Cointelegraph:
“Infura does not improperly exploit this information and ConsenSys does not monetize this information as some Web2 companies do.”
According to Consensys, Infura is currently looking into technical updates to “minimize the collection of personal information, including anonymization techniques and minimization and elimination of any data collection and retention.”
Users started exploring non-custodial digital asset storage solutions following the FTX debacle, which is when the policy was updated. Despite the company’s assurances via its official online channels, community members expressed doubt.
Some others said that this provides consumers even more justification to transfer funds to a cold storage wallet. Others emphasized the necessity for decentralization in Web3 and requested suggestions for alternative wallets.
One of the most widely used self-custody wallets in the Web3 area, MetaMask has more than 21 million monthly users.
