The NFT market has fallen sharply for the reason that 2021-2022 bull market, however no less than one billionaire collector continues to be betting huge on tokenized belongings.
Businessman and collector Adam Weitzman in one of many greatest personal NFT transactions of the 12 months Just lately obtained 229 Meebits NFTs have 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 deal with digital artwork and tradition regardless of the cooling market.
“I’ve at all times liked Miebits,” Weitzman mentioned. decryption In an interview. “Actually, these merchandise are why I joined Web3 within the first place. This buy is my method of displaying confidence within the group.”
He added that timing was a part of the message behind this deal.
“When I’ve adverse 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 have been falling throughout the board.
Weitzman additionally praised the work of Meebits CEO Sergio “Sergito” Silva, a Meebit Firm. Acquired the IP Earlier this 12 months, Bored Ape Yacht Membership founder Yuga Labs thanked him for his beliefs.
“Sergit is among the greatest guys,” Weitzman mentioned. “I imagine in him as an individual and as a pal.”
The personal 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 assist of Miebitz and are excited to welcome him to our group,” Silva mentioned. decryption. “His method to gathering NFTs is a refreshing reminder of what impressed many people to get into this discipline: making buddies, constructing group, and supporting builders we imagine 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 imagine in and can by no means promote them.
“I gather as a result of I really like artwork, I really like folks, 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, considered 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 recreation 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 12 months,” he posted on X after buying the Otherside belongings. “There are various folks throughout the house engaged on this undertaking, and I’m dedicated to creating this a hit for everybody.”
Right now 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 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 12 months 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 undertaking 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 total 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 is what I need to defend.”
I let your greatest pal 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 reward left on the desk that he had made for me throughout my keep. I’ll cherish this eternally 🙏 The folks I met are the explanation 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 route of MeebCo, the gathering is being reimagined by a collaboration of storytelling, artwork, and the bodily world.
Regardless of the robust market, Weitzman is among the few notable collectors who stays an energetic purchaser, and his method is predicated on conviction relatively than hype.
“Everybody I’ve met on this house has been so constructive, and I need to construct on that,” he mentioned.
