The NFT market has fallen sharply for the reason that 2021-2022 bull market, however at the least one billionaire collector remains to be betting massive on tokenized property.
Businessman and collector Adam Weitzman in one of many largest non-public NFT transactions of the yr Lately obtained 229 Meebits NFTs have 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 at all times cherished Miebits,” Weitzman stated. decryption In an interview. “Actually, these merchandise are why I joined Web3 within the first place. This buy is my manner of exhibiting confidence within the group.”
He added that timing was a part of the message behind this deal.
“When I’ve unfavourable feelings, I attempt to take motion,” he stated. 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 have been falling throughout the board.
Weitzman additionally praised the work of Meebits CEO Sergio “Sergito” Silva, a Meebit Firm. Received the IP Earlier this yr, Bored Ape Yacht Membership founder Yuga Labs thanked him for his beliefs.
“Sergit is among the greatest guys,” Weitzman stated. “I consider in him as an individual and as a good friend.”
The non-public sellers have 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 help of Miebitz and are excited to welcome him to our neighborhood,” Silva stated. decryption. “His method to gathering NFTs is a refreshing reminder of what impressed many people to get into this discipline: making buddies, constructing neighborhood, and supporting builders we consider in.”
In contrast to 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 consider in and can by no means promote them.
“I acquire as a result of I really like artwork, I really like individuals, and I really like the historical past that has been made,” he stated. “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 sporting a cranium t-shirt, and #7063, a human sporting an ultra-rare punk t-shirt.
Weitzman’s beliefs within the Web3 house are deep-rooted. A significant proponent of Yuga Labs, he lately 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 property straight from Yuga.
“I’ve additionally dedicated to creating a sequence of acquisitions on the general public market this yr,” he posted on X after buying the Otherside property. “There are numerous individuals throughout the house engaged on this challenge, and I’m dedicated to creating this a hit for everybody.”
Immediately is a big day 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 straight from @yugalabs. I’ve additionally dedicated to creating a sequence 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 challenge from Faraway Video games, which he beforehand took over from authentic creator Yuga Labs.
The NFT market growth of some years in the past is gone, spectacular gross sales have declined, and general buying and selling quantity has fallen dramatically. However whatever the hype, collectors nonetheless purchase, promote, and leverage their property, constructing communities and merchandise round their artworks and avatars.
“I feel the people who find themselves nonetheless right here, the artists, the collectors, the founders, are what maintain this house alive,” Weitzman stated. “This ecosystem was constructed on creativity and neighborhood, and that is what I need to shield.”
I let your greatest good friend lend me his pad for a number 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 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 via a collaboration of storytelling, artwork, and the bodily world.
Regardless of the powerful market, Weitzman is among the few notable collectors who stays an energetic purchaser, and his method is predicated on conviction moderately than hype.
“Everybody I’ve met on this house has been so optimistic, and I need to construct on that,” he stated.
