ETHEREUM’S NEW DATA ECONOMY

Summary from the TLDR Crypto newsletter

Ethereum’s next major upgrade, called "Dencun," will focus on EIP-4844. The upgrade aims to reduce transaction costs on mainnet and improve the way L2s encode data on mainnet, significantly affecting the data economy of the platform. The data associated with the upgrade will be temporary, persisting for only 30 days. This new approach has implications for applications using on-chain data, especially NFTs, and raises questions about future data storage and availability.