NFT Market Update - 27th July, 2022

Cozomo Medici announced a logo design contest for ‘The Medici Collection’. Winner will receive ‘6.9 ETH with credit given to the artist whenever possible.

Coinbase released the first look of ‘THE DEGEN TRILOGY: PART ONE’ with parts 2 and 3 coming later this year.

Nick Tomaino, the founder of cryptocurrency fund 1confirmation, wrote a thread on why he bought Cryptopunk #4156 for $3.31M and shared his thesis on the future of punks.

OpenSea is struggling to gain momentum in the Solana NFT space whilst Magic Eden retains dominance.

Coinbase shares tumbled 21% after facing a US probe into whether it improperly let Americans trade digital assets that should have been registered as securities.