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

Adam Weitsman recently acquired 229 Meebits, further increasing his investment in the NFT sector.

Written by: Erika Lee

Translated by: Chopper, Foresight News

TL;TR

• Even as the market experiences a significant downturn, businessman and investor Adam Weitsman remains a major buyer of NFTs.
• He recently purchased 229 Meebits, shortly after acquiring 5,000 NFT assets from the Otherside metaverse game.
• This year, he also acquired the intellectual property of the CryptoDickbutts and HV-MTL NFT projects, driving the revival of both projects.

Since the 2021-22 bull market, the NFT market has dropped sharply, but at least one billionaire collector is still investing heavily in the sector.

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

Even as the market continues to cool, Weitsman keeps increasing his presence in the digital art and culture space.

"I've always liked Meebits," Weitsman said in an interview with Decrypt. "In fact, they were what first brought me into the Web3 space. This acquisition is my way of expressing confidence in the team."

He added that the timing of the deal itself also sends an important signal.

"I tend to act when the market is filled with negative sentiment," he said. The Meebits acquisition was completed on what he called "one of the bleakest days in the market"—when both cryptocurrency and NFT prices were falling across the board.

Weitsman also expressed his appreciation 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. "Whether as a partner or a friend, I have full confidence in him."

In this transaction, the sellers were represented by Charles Katz and Noah Davis of Fountain Digital, while MeebCo CEO Sergio represented Weitsman. The transaction price has not been disclosed.

"We are honored by Adam's continued support for Meebits and are delighted to have him join the community," Silva told Decrypt. "His philosophy on NFT collecting is refreshing and reminds us of our original intention for entering this space: making friends, building community, and supporting creators we trust."

Unlike many traders in the NFT space, Weitsman is not motivated by buying low, selling high, or making a profit. He has never sold any NFT in his life and says he does not agree with selling, nor will he do so in the future.

"I collect NFTs because I love the artworks, the creators behind them, and the history being made," he said. "For me, it's about legacy, not making money."

The acquired collection includes several highly rare Meebits, such as the skeleton series #16803 (only 57 issued), the elephant #367 wearing a skeleton T-shirt, and the human #7063 wearing an ultra-rare Punk T-shirt.

Weitsman's confidence in the Web3 sector runs deep. As a major supporter of Yuga Labs, he recently expanded his asset portfolio in the Otherside metaverse game, acquiring 5,000 Otherdeed lands, giant Koda, and weapon Koda, demonstrating strong confidence in the future of the Bored Ape-themed metaverse game. All these assets were acquired directly from Yuga Labs.

"I have also committed to a series of acquisitions on the open market this year," Weitsman wrote on X after acquiring Otherside assets. "This project is significant for the entire industry, and I will do my best to help it succeed for everyone."

Earlier this year, Weitsman also caused a stir in the industry. In collaboration with PenusDAO and facilitated by Eli Scheinman, known for high-end NFT deals, he acquired the intellectual property of CryptoDickbutts. In addition, he 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 frenzy of a few years ago has faded, with fewer sky-high transactions and a significant drop in overall trading volume, collectors continue to buy, sell, and utilize their assets, building communities and developing products around artworks and avatars, unaffected by market fluctuations.

"I believe those who have persisted—artists, collectors, entrepreneurs—are the core that keeps this sector alive," Weitsman said. "This ecosystem is built on creativity and community, and that's what I want to protect."

Meebits was launched by Larva Labs, the creator of CryptoPunks and Autoglyphs, in 2021, comprising 20,000 unique tokenized 3D pixel characters designed for metaverse scenarios. Now, under the leadership of MeebCo, the collection is being reinvented through narrative creation, artistic upgrades, and real-world collaborations.

Despite the harsh market environment, Weitsman remains one of the few well-known collectors still actively acquiring, and his collecting philosophy is always based on firm conviction rather than market hype.

"Everyone I've met in this space is extremely positive," he said. "I hope to continue contributing to this positive atmosphere."