Bankless founder on Worldcoin: Spending $4.5 million a year on gas, Ethereum block space is the new oil

Bankless co-founder Ryan Sean Adams shared an address related to Worldcoin's official account on Twitter today, calculating how much ETH in gas fees a Worldcoin validator would spend in a year. After obtaining the result, Adam, who has always been optimistic about ETH, made another surprising statement.

Bankless Co-Founder's FOMO Discourse Derived from Worldcoin

According to Ryan Sean Adams' Twitter, he stated that over the past 40 days, the Worldcoin official has spent approximately $500,000 for submitting eye scan ZK proofs. If the same registration rate is maintained for a year, Worldcoin's expenses in this area could reach up to $4.5 million.

Regarding this phenomenon, Adams made a rather FOMO statement, suggesting that companies will store ETH as a store of necessity.

"The Ethereum block space is like the new oil." Adams said.

According to the address provided by Adams here, this address is mainly used for user identity registration. Although each transaction does not involve the transfer of encrypted assets, a certain amount of ETH gas fee is required for each transaction.

Additionally, internal transactions show that this address has also received a large amount of ETH from the exchange Coinbase over a period of time to cover the fees.