If you erase all content and settings or reset network settings on the device, your device uses a different private address the next time it connects to that network.In some cases, your device will change its private Wi-Fi address: This unique MAC address is your device's private Wi-Fi address, which it uses for that network only. Starting with iOS 14, iPadOS 14, and watchOS 7, your device improves privacy by using a different MAC address for each Wi-Fi network. This allows a kind of user tracking or profiling, and it applies to all devices on all Wi-Fi networks. If the device always uses the same Wi-Fi MAC address across all networks, network operators and other network observers can more easily relate that address to the device's network activity and location over time.
To communicate with a Wi-Fi network, a device must identify itself to the network using a unique network address called a Media Access Control (MAC) address.