The NFT market has fallen sharply because the 2021-2022 bull market, however at the very least one billionaire collector remains to be betting massive on tokenized belongings.
Businessman and collector Adam Weitzman in one of many greatest non-public NFT transactions of the 12 months Just lately obtained 229 Meebits NFTs had been bought in a single over-the-counter transaction, marking essentially the most high-profile buy in a group launched in 2021 by Larva Labs, the creator of CryptoPunks.
Weitzman continues to give attention to digital artwork and tradition regardless of the cooling market.
“I've at all times beloved Miebits,” Weitzman mentioned. decryption In an interview. “In truth, these merchandise are why I joined Web3 within the first place. This buy is my means of exhibiting confidence within the staff.”
He added that timing was a part of the message behind this deal.
“When I’ve unfavourable feelings, I attempt to take motion,” he mentioned. The Meebits acquisition was accomplished on what he described as “one of many reddest days out there,” at a time when crypto and NFT costs had been falling throughout the board.
Weitzman additionally praised the work of Meebits CEO Sergio “Sergito” Silva, a Meebit Firm. Received the IP Earlier this 12 months, Bored Ape Yacht Membership founder Yuga Labs thanked him for his beliefs.
“Sergit is among the finest guys,” Weitzman mentioned. “I imagine in him as an individual and as a buddy.”
The non-public sellers had been represented by Charles Katz and Noah Davis of Fountain Digital, and Weitsman was represented by Sergito, CEO of MeebCo. Value stays undisclosed.
“We’re honored by Adam’s continued assist of Miebitz and are excited to welcome him to our group,” Silva mentioned. decryption. “His strategy to amassing NFTs is a refreshing reminder of what impressed many people to get into this area: making mates, constructing group, and supporting builders we imagine in.”
Not like many merchants within the NFT house, Weitzman's motivation isn't flips or earnings. He has by no means bought NFTs in his life and says he doesn’t imagine in and can by no means promote them.
“I accumulate as a result of I really like artwork, I really like individuals, and I really like the historical past that has been made,” he mentioned. “For me, that is about heritage, not liquidity.”
This assortment consists of some standout me-bits, together with #16803, certainly one of solely 57 skeletons ever minted, #367, an elephant carrying a cranium t-shirt, and #7063, a human carrying an ultra-rare punk t-shirt.
Weitzman's beliefs within the Web3 house are deep-rooted. A significant proponent of Yuga Labs, he not too long ago expanded his possession with 5,000 Otherdeed land parcels together with Mega Kodas and Weapon Kodas, demonstrating his robust perception in the way forward for The Bored Ape-themed video games. Metaverse sport on the opposite aspect. He acquired the belongings straight from Yuga.
“I’ve additionally dedicated to creating a collection of acquisitions on the general public market this 12 months,” he posted on X after buying the Otherside belongings. “There are numerous individuals throughout the house engaged on this challenge, and I’m dedicated to creating this a hit for everybody.”
In the present day is a special occasion for me.
I'm a long-term investor in Otherside and proceed to construct my assortment by buying over 5,000 Otherdeeds, Mega Kodas, and Weapon Kodas straight from @yugalabs. I’ve additionally dedicated to creating a collection of acquisitions on the general public market… pic.twitter.com/I9HeQwNx5k
— Adam Weitsman (@AdamWeitsman) August 4, 2025
Earlier this 12 months he Cryptodic Butts IPin a deal brokered by Eli Scheinman, who, together with PenisDAO, is understood for structuring high-profile NFT acquisitions. He additionally acquired the HV-MTL NFT challenge from Faraway Video games, which he beforehand took over from authentic creator Yuga Labs.
The NFT market increase of some years in the past is gone, spectacular gross sales have declined, and general transaction quantity has fallen dramatically. However whatever the hype, collectors nonetheless purchase, promote, and leverage their belongings, constructing communities and merchandise round their artworks and avatars.
“I believe the people who find themselves nonetheless right here, the artists, the collectors, the founders, are what preserve this house alive,” Weitzman mentioned. “This ecosystem was constructed on creativity and group, and that's what I wish to defend.”
I let your finest buddy lend me his pad for a number of days in New York, and once I got here again after he left, I discovered this glorious reward left on the desk that he had made for me throughout my keep. I’ll cherish this ceaselessly 🙏 The individuals I met are the rationale I fell in love with Web3 within the first place ❤️… pic.twitter.com/E2r0fYlL5b
— Adam Weitsman (@AdamWeitsman) November 14, 2025
Launched in 2021 by Larva Labs, creators of CryptoPunks and Autoglyphs, Meebits supplied 20,000 distinctive tokenized 3D voxel characters ready-made for the Metaverse. Now, underneath the course of MeebCo, the gathering is being reimagined by way of a collaboration of storytelling, artwork, and the bodily world.
Regardless of the robust market, Weitzman is among the few notable collectors who stays an lively purchaser, and his strategy is predicated on conviction quite than hype.
“Everybody I’ve met on this house has been so optimistic, and I wish to construct on that,” he mentioned.
