Developers Upload Script of Jerry Seinfeld’s ‘Bee Movie’ on Ethereum as Gas Fees Plunge After Dencun
Ethereum developers are taking advantage of the drop in data fees on the Ethereum network following the Dencun upgrade. They are posting the entire script of the Bee Movie on the Ethereum blockchain at a low cost. The first posting by Paradigm developer Dan Cline cost about $14, while another developer managed to post the script for just $5 as fees fell further. This trend originated as a niche internet meme on Tumblr and spread to other social media platforms. In March 2023, the script was posted on the Bitcoin blockchain for the first time using Ordinals technology. The Dencun upgrade introduced blobs, a cheap way to temporarily carry data about transactions. These blobs are primarily designed for layer 2 networks that run atop Ethereum as an alternative to data storage within Ethereum blocks. Data shows that fees on layer 2 network Optimism were less than a cent, significantly lower than usual levels.
