Virtualized HexOS?

I have been a long time user of Unraid and have been slowly expanding my homelab. I bought a license for HexOS back when it was available for $99 and would be interested in trying it but curious how people are deploying it.

I know a lot of my favorite homelab youtube folks I listen to often would run TrueNAS in Proxmox (virtualized). Given that HexOS runs on top of TrueNAS is this at all a reasonable direction to run HexOS or are there aspects to HexOS that require it to be on bare metal?

If people are running HexOS in proxmox, I worry about attaching my one license to a virtual machine that might eventually go away. How does licensing work?

I may be over thinking this and I am certainly ok with running things other ways but figured this would be a good place to hear from those with experience and learn about the best way to run it.