Following community reaction to an initial review of the privacy policy on November 23, ConsenSys, MetaMask’s parent company, released a statement to reiterate its data collection intentions.
The company stated that the policy has always conveyed how certain types of personal information, which could include IP addresses, is automatically collected. According to ConsenSys, the latest updates were in the act of transparency as to how Infura, MetaMask’s default Remote Procedure Call (RPC), works with user data.
ConsenSys highlighted that MetaMask does not collect IP addresses. Instead, the policy says that users who run the wallet through Infura apps are subject to data collection.
In a tweet, the company he claimed that only the language of the policy was updated and that “nothing” else about the policy or data collection is different.
Speaking to Cointelegraph, ConsenSys said:
“Infura does not misuse this information and ConsenSys does not monetize this information like some Web 2.0 companies do.”
According to Consensys, Infura is currently studying technical updates to “minimize the collection of personal information, including anonymization techniques and the minimization and elimination of any data collection and retention.”
The updates to its policy came as users began looking for storage options for non-custodial digital assets after the FTX crash. Despite the company’s clarifications through its official web channels, community users responded with skepticism.
Some they said that this is all the more reason for users to move their assets to a cold storage wallet. Others called for alternative portfolio recommendations and reiterated the decentralization needed in Web 3.0.
Really poor timing to change anything. Especially with so many people actively looking into self custody.
It only makes it worse that you collect data just to have it. I’m disappointed.
— Uniquely NFT (@UniquelyNFT) November 24, 2022
MetaMask has more than 21 million monthly users, making it one of the most popular self-custody wallets in the Web 3.0 space.
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