Ethereum Wallet MetaMask’s Open-Source Code Now Owned by ConsenSys

Popular Ethereum wallet, MetaMask, is migrating its open-source under a new license — “Copyright ConsenSys Software Inc. 2020. All rights reserved,” announced the firm.

According to MetaMask, open-source software solves critical share problems, but “fair compensation for the maintenance of these community goods remains a problem.”

Since its release, 4 million individuals have used its browser extension, but now to “compete” with products in the web3 tech stack such as web browsers, MetaMask has taken the path that is “fairly compensated.”

Originally published under an MIT license, MetaMask’s code can be used by any developer to fork it and reuse it without any limitation. But under the new license, it seeks to prevent the commercial use, those with more than 10,000 monthly active users, of its code, which is now owned by ConsenSys.

The license protects the wallet from “free-riders or upstream competitors from exerting monopolistic control.”

“Going from MIT to non-commercial freeware, commercial-use-inquire-within is a huge FOSS bait and switch. I can't think of any other project that's done this in the space,” said Preston Byrne, an attorney who was an early entrepreneur in the sector, on this development.

He argues that now ConsenSys “claims the right to demand” those using the code to pay them. Even license fee on non-commercial use is ultimately “determined by ConsenSys in its sole discretion.”

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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