Former OpenSea executive found guilty of insider trading NFTs. (Rafael Henrique/SOPA Images/LightRocket via Getty Images)

Former OpenSea Exec Found Guilty of Insider Trading of NFTs

Crypto is in the red across the board — with “ordinals” potentially tanking Bitcoin — a former OpenSea executive was found guilty of insider trading, a recent report looks favorably on the Metaverse in the next decade, Nreal is changing its name and may be announcing a new product soon. News in Brief from MetaVRse, Niantic, Felix and Paul, Solana, the Immerse Global Summit, and more.

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Tom Brady, Gisele Bündchen and Steph Curry sued following the FTX collapse. (Getty)

Fallout From FTX Collapse and Nike Launches Home for Virtual Creations

This week crypto markets continue to reckon with the fallout of the FTX collapse and the Fed steps in while also exploring a digital dollar. Nike launches a home for virtual creations and continues exploring blockchain and Sony may be as well. Also, a number of fashion companies are teaming up on virtual try-on, and Nreal Air offers support for major gaming consoles.

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