In related news, ConsenSys successfully generated $450 million in a series D round earlier this year, valuing the company at $7 billion which ranks it among the biggest players in the cryptocurrency sector.
MetaMask and Infura are both owned by ConsenSys. Infura manages blockchain nodes for wallets and individuals. When users make a blockchain transaction using their MetaMask wallet, the transaction is broadcasted to the Ethereum blockchain by Infura. Additionally, MetaMask communicates with Infura via a RPC.
Essentially, the update informs users that if they switch their RPCs to another provider, ConsenSys will not collect their data. They will, however, be subject to the information collection policy implemented by the RPC provider of their choice.
What comes next?
The decision by ConsenSys to gather user data was made shortly after the announcement by Uniswap wherein it was revealed that the decentralized exchange had begun collecting on-chain data via its users. The exchange stated that the main reason for this was to try and make decisions driven by and based on empirical data which could then significantly enhance user experience.
To that end, many companies collecting on-chain data, such as blockchain addresses and transactions, and off-chain data, such as IP addresses, are concerned that individuals could easily be identified and thus the amount of privacy available on the network would drastically decrease. Nonetheless, MetaMask Founder Dan Finlay stated on Twitter that he believes MetaMask does not use IP addresses, even if they are temporarily stored.