MetaMask Updates User License, Some Users Need to Pay Fee

Published at: Aug. 22, 2020

MetaMask announced it had made updates to its products' use license.

The company stated in a press release published on its blog that the new updates will not have any impact on all end-users, most application developers and non-profits and will be free of charge for those groups.

The company clarified that it would continue publishing and iterating upon the wallet provider API in the public sphere, ensuring a widely cross-compatible ecosystem of applications. It added it would remain committed to publishing all code in a public repository.

What about using MetaMask for commercial purposes?

According to MetaMask, developers who copy, modify, or fork the MetaMask codebase for commercial use, are invited to sign a formal commercial agreement with the company.

“For example, if you’ve copied MetaMask and offer it commercially to an audience larger than 10,000 monthly active users, we would like to enter into a formal commercial agreement,” the company said.

MetaMask justified this step, saying that in order to continue providing high-quality products in the future, it was necessary to obtain fair compensation that would allow them to continue and develop.

It is worth noting that MetaMask launched the eighth update of its Ethereum wallet last July, which includes a number of new features such as enhanced privacy control and a new account-login system.

Tags
Related Posts
Google Play Lifts Ban on Ethereum Browser Extension MetaMask
Major Ethereum browser extension and wallet service Metamask has something to celebrate as 2020 kicks off, notifying its users that Google has now reversed its short-lived ban on the browser add-on. In a tweet posted on Jan. 1 2020, the MetaMask team revealed that: “Upon careful consideration, Google has permitted The MetaMask mobile app back on the Google Play (Android) store! Thanks to all the believers in an open web for speaking out in our support!” Google mistook MetaMask for a mining app MetaMask is a browser extension for Google Chrome that includes a built-in crypto wallet enabling to run …
Ethereum / Jan. 2, 2020
Company Lays Out the Benefits of Crypto Wallets for Specific Coins
Despite the ever-increasing trend of wallets allowing dozens of cryptocurrencies to be stored in one place, one provider claims there is demand for a more focused approach to keeping coins safe. Freewallet says it has established a range of wallets around one of the most common requests from the community: dedicated, stand-alone applications for specific digital currencies. The company argues that the appeal of stand-alone wallets lies in how they offer familiarity and convenience to those who dislike holding all of their assets in one place. Freewallet drew a comparison between stand-alone wallets and credit cards that support a single …
Ethereum / Feb. 24, 2020
Overview of Software Wallets, the Easy Way to Store Crypto
Similar to a bank account for fiat currency, a crypto wallet is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. Whether a cryptocurrency is securely stored or not, much depends on the wallet, which is only as secure as its private keys. Wallets are generally either hot or cold. The funds in a hot wallet can be spent at any time, online. A cold wallet functions in contrast: not intended for regular cryptocurrency transactions, but funds can be received at any time. Wallets can also be divided into three groups: software, hardware and paper. …
Blockchain / March 29, 2020
Franck Muller Releases Luxury Watch With Bitcoin Cold Wallet Functionality
High-end Swiss watchmaker Franck Muller has partnered with alternative assets investing firm Regal Assets to release the bitcoin (BTC) storage watch “Encrypto,” according to a report by Cointelegraph Brasil on May 23. In addition to being a high-end fashion accessory, with a price ranging from $9,800 to $50,600, the watch reportedly also functions as a cold wallet for BTC. The watch is reported to be engraved with a public address on its dial and comes paired with a private key on a USB drive. According to the firm, the “deep cold storage wallet” is unhackable and uses “offline generated, non-deterministic …
Bitcoin / May 26, 2019
Unconfirmed: Crypto Startup Enjin to Back Rumored Samsung Galaxy S10 Blockchain Wallet
South Korean crypto company Enjin Wallet has reportedly been appointed by Samsung to back a blockchain wallet in its new Galaxy S10 smartphone, anonymous sources told Asia Crypto Today on Monday, Feb. 25. The anonymous interlocutors provided an image to the outlet that was purportedly posted by Tworld — Korea’s second largest telecom company. The screenshot shows the Enjin wallet being used in the Galaxy S10 for Ethereum (ETH) transactions. The image also features Enjin coin (ENJ) and Basic Attention Token (BAT) — an Ethereum-based token used in digital advertising. Enjin Wallet reportedly used in Samsung blockchain keystore. Source: asiacryptotoday.com …
Blockchain / Feb. 25, 2019