The NFT market has fallen off sharply for the reason that 2021-22 bull run, however a minimum of one billionaire collector remains to be betting massive on the tokenized property.
In one of many largest non-public NFT offers of the 12 months, businessman and collector Adam Weitsman just lately acquired 229 Meebits NFTs in a single over-the-counter transaction, marking the biggest-known buy from the gathering—which was launched by CryptoPunks creator Larva Labs in 2021.
Weitsman continues to double down on digital artwork and tradition, at the same time as markets cool.
“I’ve all the time beloved Meebits,” Weitsman advised Decrypt in an interview. “They’re really the explanation I bought into Web3 within the first place. This buy is my approach of displaying confidence within the group.”
He added that timing was a part of the message behind the deal.
“I attempt to make strikes when there’s negativity,” he stated. The Meebits buy was accomplished on what he described as “one of many reddest days of the market,” when crypto and NFT costs have been sliding throughout the board.
Weitsman additionally credited Meebits CEO Sergio “Sergito” Silva—whose Meebit Firm agency acquired the IP from Bored Ape Yacht Membership creator Yuga Labs earlier this 12 months—for his conviction.
“Sergito is likely one of the greatest guys,” Weitsman stated. “I consider in him as an individual and as a good friend.”
The non-public vendor was represented by Fountain Digital’s Charles Katz and Noah Davis, whereas MeebCo CEO Sergito represented Weitsman. The value stays undisclosed.
“We’re honored by Adam’s continued assist of Meebits and love having him in the neighborhood,” Silva advised Decrypt. “His strategy to accumulating NFTs is a refreshing reminder of what initially impressed lots of us to enter the area: make mates, construct group, and assist builders we consider in.”
In contrast to many merchants within the NFT area, Weitsman isn’t motivated by flipping or revenue. He’s by no means offered an NFT in his life, and says he doesn’t consider in promoting and by no means will.
“I acquire as a result of I like the artwork, the folks, and the historical past being made,” he stated. “For me, that is about legacy, not liquidity.”
The haul contains a number of standout Meebits, together with #16803, considered one of simply 57 Skeletons ever minted, #367, an Elephant carrying a Cranium Tee, and #7063, a Human that includes the ultra-rare Punk Tee.
Weitsman’s conviction within the Web3 area runs deep. A serious Yuga Labs supporter, he just lately expanded his holdings with 5,000 Otherdeed land plots, together with Mega Kodas and Weapon Kodas, signaling sturdy perception in the way forward for the Bored Ape-themed Otherside metaverse sport. He acquired the property instantly from Yuga.
“I’ve additionally dedicated to creating a collection of acquisitions on the open market this 12 months,” he posted on X following the Otherside property buy. “There’s a lot using on this undertaking for the entire area, and I’ll do my greatest to assist make it a hit for everybody.”
Immediately is a big day for me.
I’m making a long-term funding in Otherside and buying over 5,000 Otherdeeds, Mega Kodas and Weapon Kodas direct from @yugalabs to proceed constructing my assortment. I’ve additionally dedicated to creating a collection of acquisitions on the open market… pic.twitter.com/I9HeQwNx5k
— Adam Weitsman (@AdamWeitsman) August 4, 2025
He additionally made waves earlier this 12 months after taking management of the CryptoDickbutts IP, alongside PenisDAO, in a deal brokered by Eli Scheinman, identified for structuring high-profile NFT acquisitions. He additionally acquired the HV-MTL NFT undertaking from Faraway Video games, which had beforehand taken it over from unique creator Yuga Labs.
The NFT market increase of some years again has pale, with fewer eye-popping gross sales and dramatically much less buying and selling quantity total. However collectors nonetheless purchase, promote, and make the most of their property, constructing group and merchandise round art work and avatars alike, no matter hype.
“I feel the people who find themselves nonetheless right here—the artists, the collectors, the founders—are those retaining the area alive,” Weitsman stated. “This ecosystem was constructed on creativity and group. That’s what I wish to defend.”
Once you let your good buddy borrow your pad in NYC for a couple of days and return after he departed to seek out this wonderful reward left on the desk that he made for me whereas staying. Will cherish this perpetually🙏 The Individuals I’ve met is why 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, the creators of CryptoPunks and Autoglyphs, Meebits served up 20,000 distinctive, tokenized 3D voxel characters that have been ready-made for the metaverse. Now underneath the path of MeebCo, the gathering is being reimagined by storytelling, artwork, and physical-world collaborations.
Regardless of a tricky market, Weitsman stays one of many few high-profile collectors actively shopping for, and his strategy is rooted in conviction relatively than hype.
“All of the folks I’ve met within the area are very constructive,” he stated, “and I wish to preserve including to that.”
