It's 2025, and this billionaire collector is still buying NFTs?

Written by: Erika Lee

Compiled by: Chopper, Foresight News

TL;TR

Even with a significant market downturn, businessman and investor Adam Weitsman remains a major buyer of NFTs.

He recently purchased 229 Meebits, and not long ago, he just bought 5,000 NFT assets from the Otherside metaverse game.

He also acquired the intellectual property of the CryptoDickbutts and HV-MTL NFT projects this year, promoting the redevelopment of both projects.

Since the bull market of 2021-22, the NFT market has seen a significant decline, but at least one billionaire collector is still heavily investing in the field.

In the largest private NFT transaction of the year, merchant and collector Adam Weitsman acquired 229 Meebits NFTs in a single over-the-counter transaction. This is the largest known single transaction for this collection—Meebits was launched by CryptoPunks creators Larva Labs in 2021.

Even as the market continues to cool, Weitsman is still increasing its investment in the field of digital art and culture.

“I've always liked Meebits,” Weitsman said in an interview with Decrypt. “In fact, it was them that first got me into the Web3 space. This acquisition is my way of expressing confidence in the team.”

He added that the timing of the transaction itself conveys important signals.

“I tend to take action when the market is filled with negative sentiment,” he said. The acquisition of Meebits was completed on what he described as “one of the bleakest days in the market”—when cryptocurrency and NFT prices were plummeting across the board.

Weitsman also expressed recognition for Meebits CEO Sergio Silva. Silva's company MeebCo acquired the IP from Yuga Labs earlier this year.

“Sergio is one of the most reliable people,” Weitsman said, “I have full confidence in him whether as a partner or a friend.”

In this transaction, the seller is represented by Charles Katz and Noah Davis of Fountain Digital, while MeebCo's CEO Sergio represents Weitsman. The transaction price has not been disclosed.

“Adam's continued support for Meebits makes us feel honored, and we are also glad that he can join the community,” Silva told Decrypt, “His NFT collection philosophy is refreshing and reminds us of the initial intention we had when entering this field: to make friends, build community, and support the creators we trust.”

Unlike many traders in the NFT space, Weitsman's motivation is not to buy low and sell high or to profit. He has never sold any NFT in his life and states that he does not agree with the act of selling, and he will not sell in the future.

“I collect NFTs because I love these artworks, the creators behind them, and the history that is being written,” he said, “For me, it is about heritage, not making money.”

The collection acquired this time includes several highly scarce Meebits, such as the skull series #16803、穿着骷髅 T 恤的大象 #367, of which only 57 were issued, and the human #7063 wearing an ultra-rare punk T-shirt.

Weitsman's confidence in the Web3 space is deeply rooted. As a key supporter of Yuga Labs, he recently significantly expanded his asset portfolio in the metaverse game Otherside, acquiring 5,000 Otherdeed land, a giant Koda, and a weapon Koda, demonstrating strong confidence in the future of the Bored Ape-themed metaverse game. These assets were all directly acquired from Yuga Labs.

“I also promise to carry out a series of acquisitions in the public market this year,” Weitsman stated on platform X after acquiring Otherside assets, “This project is of great significance to the entire industry, and I will do my utmost to help it achieve success for everyone.”

Earlier this year, Weitsman also caused a stir in the industry. He collaborated with PenusDAO to acquire the intellectual property of CryptoDickbutts, driven by Eli Scheinman, who is known for facilitating high-end NFT acquisition deals; in addition, he also acquired the HV-MTL NFT project from Faraway Games. This project was originally created by Yuga Labs and later acquired by Faraway Games.

Although the NFT market boom from a few years ago has faded, with sky-high transactions decreasing and overall trading volume significantly dropping, collectors are still actively buying, selling, and utilizing their assets, building communities and developing products around artworks and avatars, unaffected by market fluctuations.

“I believe that those who have persevered to this day—artists, collectors, and entrepreneurs—are the core that sustains the vitality of this field,” Weitsman said. “This ecosystem is built on creativity and community, which is precisely what I want to protect.”

Meebits was launched by Larva Labs, the creators of CryptoPunks and Autoglyphs, in 2021, and includes 20,000 unique tokenized 3D pixel characters designed for the metaverse. Today, under the leadership of MeebCo, the collection is being reimagined through narrative creation, art upgrades, and real-world collaborations.

Despite the harsh market environment, Weitsman remains one of the few well-known collectors who are actively acquiring, and his collection philosophy has always been based on firm beliefs rather than market trends.

“Everyone I've met in this field is very positive,” he said, “and I hope to continue contributing to this positive atmosphere.”