MetaMask announced that it had updated the license to use its products.
The company stated in a press release posted on its blog that the new updates will not have any impact on all end users, most application developers and non-profit organizations and will be free to those groups.
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The company clarified that it would continue to publish and iterate about the wallet provider’s API in the public sphere, ensuring a broadly compatible application ecosystem. It added that 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 off the MetaMask base code for commercial use are invited to sign a formal commercial agreement with the company.
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„For example, if you have copied MetaMask and are offering it commercially to an audience of more than 10,000 active users per month, we would like to enter into a formal business 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.
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It is worth noting that MetaMask launched the eighth update of its Etoro wallet last July, which includes a number of new features, such as improved privacy control and a new account login system.