The NFT market has fallen sharply because the 2021-2022 bull market, however not less than one billionaire collector remains to be betting massive on tokenized belongings.
Businessman and collector Adam Weitzman in one of many largest personal NFT transactions of the yr Just lately obtained 229 Meebits NFTs had been bought in a single over-the-counter transaction, marking probably the most high-profile buy in a set launched in 2021 by Larva Labs, the creator of CryptoPunks.
Weitzman continues to deal with digital artwork and tradition regardless of the cooling market.
“I’ve all the time liked Miebits,” Weitzman mentioned. decryption In an interview. “In reality, these merchandise are why I joined Web3 within the first place. This buy is my method of displaying confidence within the crew.”
He added that timing was a part of the message behind this deal.
“When I’ve damaging feelings, I attempt to take motion,” he mentioned. The Meebits acquisition was accomplished on what he described as “one of many reddest days available in the market,” 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. Bought the IP Earlier this yr, Bored Ape Yacht Membership founder Yuga Labs thanked him for his beliefs.
“Sergit is without doubt one of the greatest guys,” Weitzman mentioned. “I imagine in him as an individual and as a good friend.”
The personal sellers had been represented by Charles Katz and Noah Davis of Fountain Digital, and Weitsman was represented by Sergito, CEO of MeebCo. Worth stays undisclosed.
“We’re honored by Adam’s continued assist of Miebitz and are excited to welcome him to our neighborhood,” Silva mentioned. decryption. “His strategy to gathering NFTs is a refreshing reminder of what impressed many people to get into this area: making mates, constructing neighborhood, and supporting builders we imagine in.”
Not like many merchants within the NFT house, Weitzman’s motivation is not flips or income. 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 acquire as a result of I like artwork, I like folks, and I 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, one in every 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 serious 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 sturdy perception in the way forward for The Bored Ape-themed video games. Metaverse sport on the opposite aspect. He acquired the belongings instantly from Yuga.
“I’ve additionally dedicated to creating a collection of acquisitions on the general public market this yr,” he posted on X after buying the Otherside belongings. “There are a lot of folks throughout the house engaged on this venture, and I’m dedicated to creating this successful for everybody.”
Right this moment is a special occasion for me.
I am a long-term investor in Otherside and proceed to construct my assortment by buying over 5,000 Otherdeeds, Mega Kodas, and Weapon Kodas instantly 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 yr he Cryptodic Butts IPin a deal brokered by Eli Scheinman, who, together with PenisDAO, is thought for structuring high-profile NFT acquisitions. He additionally acquired the HV-MTL NFT venture from Faraway Video games, which he beforehand took over from unique 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 hold this house alive,” Weitzman mentioned. “This ecosystem was constructed on creativity and neighborhood, and that is what I wish to shield.”
I let your greatest good friend lend me his pad for a couple of days in New York, and after I got here again after he left, I discovered this excellent present left on the desk that he had made for me throughout my keep. I’ll cherish this eternally 🙏 The folks 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 offered 20,000 distinctive tokenized 3D voxel characters ready-made for the Metaverse. Now, underneath the route of MeebCo, the gathering is being reimagined by way of a collaboration of storytelling, artwork, and the bodily world.
Regardless of the powerful market, Weitzman is without doubt one of the few notable collectors who stays an energetic purchaser, and his strategy relies on conviction moderately than hype.
“Everybody I’ve met on this house has been so optimistic, and I wish to construct on that,” he mentioned.
