Don't worry about this (collect IP), that the decision of MetaMask to start collecting IP addresses of its users can be a double-edged sword. On one hand, it might help them enhance security and user experience, but on the other hand, it could potentially compromise the anonymity that many users value.
How does this decision help "enhance security and user experience" on the contrary it puts the user at risk.
They do not only collect IP addresses but they have the possibility to ban you based on the IP as happened to me, they blocked me from using Meta Mask at the beginning of the Ukrainian war but then they unblocked me. This is very bad and risky.