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Nifty News: Celebs lose big on BAYC, Meghan and Harry building a metaverse, and more.

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Celebrities are facing huge losses on their Bored Apes bought during the NFT peak, but big names like Sony and Adidas are pushing further into the industry.

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Swyftx cuts 40% of staff as it braces against ‘worst-case scenario’

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The Australian crypto exchange said while it had no exposure to FTX, it was “not immune” to its fallout.

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Chinese court says NFTs are virtual property protected by law

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The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs.

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Novogratz’s Galaxy Digital to acquire Celsius’ GK8 in bankruptcy garage sale

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The self-custody platform was acquired by Celsius in 2021 for $115 million and is now set to change hands, pending approvals.

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