Billionaire Adam Weitsman acquired over 5000 Yuga Labs NFTs

Golden Finance reported that scrap metal processing entrepreneur and billionaire Adam Weitsman announced the acquisition of over 5,000 NFTs from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas, to support the development of his Metaverse project Otherside. He stated, “I am making a long-term investment in Otherside and will continue to make a series of acquisitions in the public market this year.” The NFT market is overall sluggish, and Yuga Labs has recently been forced to sell core brands including Moonbirds and CryptoPunks. Weitsman stated, “I see Yuga refocusing and prioritizing the development of Otherside, which is crucial for the entire industry, and I will do my best to help it succeed.”