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This week in the metaverse: Caroline Ellison reportedly spotted in NYC, a Chinese court says NFTs are virtual property, and the Atlanta Braves host a metaverse baseball event

Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and virtual worlds. Email marco.quiroz-gutierrez@fortune.com with tips.

As the FTX fallout continues, former Alameda Research CEO Caroline Ellison reportedly was spotted in New York, causing some to speculate that she’s working with federal authorities. The coffee shop where the photographs were taken is near the city's FBI office and a U.S. Attorney’s office.

https://twitter.com/AutismCapital/status/1599466158893432832

A court in China said that NFTs should be considered online virtual property this week in what could represent a thawing of the country’s anti-crypto stance.