The Velveteen Dream character is played such that it has led to questions regarding his sexual orientation, however much it may or may not matter. On the NXT Instagram, Dream put up a story, with the video embedded in the tweet below, having fun with it:
What a magnificent swerve indeed.
What makes it great is that it wouldn’t matter if he was! The character works so well, and he plays it to such perfection, having hugely entertaining matches on a regular basis, at events both big and small, and the sexual orientation of the character doesn’t change any of that.