Why This Billionaire Collector Continues to Buy NFTs in 2025

The NFT market has fallen sharply because the 2021-2022 bull run, however no less than one billionaire collector remains to be betting huge on the tokenized asset.

In one of many largest personal NFT offers of the 12 months, businessman and collector Adam Weitsman lately acquired 229 Meebits NFTs in a single over-the-counter transaction, marking the most important recognized buy from the gathering, which was launched in 2021 by CryptoPunks maker Larva Labs.

Weitsman stays dedicated to digital arts and tradition, at the same time as markets cool.

“I’ve all the time liked Meebits,” Weitsman mentioned Declutter in an interview. “They’re really the explanation I began Web3 within the first place. This buy is my means of displaying confidence within the workforce.”

He added that timing was a part of the message behind the deal.

“I attempt to make strikes when there’s negativity,” he mentioned. The acquisition of Meebits was accomplished on what he described as “one of many market’s reddest days,” when crypto and NFT costs fell throughout the board.

Weitsman additionally talked about Meebit’s CEO Sergio “Sergito” Silva, whose Meebit Firm agency acquired the IP from Bored Ape Yacht Membership maker Yuga Labs earlier this 12 months – earlier than his conviction.

“Sergito is without doubt one of the finest guys,” Weitsman mentioned. “I consider in him as an individual and as a good friend.”

The personal vendor was represented by Charles Katz and Noah Davis of Fountain Digital, whereas MeebCo CEO Sergito represented Weitsman. The worth stays unknown.

“We’re honored by Adam’s continued help of Meebits and are excited to have him locally,” Silva mentioned. Declutter. “His method to amassing NFTs is a refreshing reminder of what initially impressed many people to enter this area: making buddies, constructing neighborhood, and supporting builders we consider in.”

In contrast to many merchants within the NFT world, Weitsman is just not motivated by flipping or revenue. He has by no means bought an NFT in his life and says he would not consider in promoting and by no means will.

“I accumulate as a result of I really like the artwork, the folks and the historical past being made,” he mentioned. “For me, that is about legacy, not liquidity.”

The gathering options a number of notable Meebits, together with #16803, certainly one of solely 57 skeletons ever minted, #367, an elephant carrying a cranium T-shirt, and #7063, a human carrying the ultra-rare punk T-shirt.

Weitsman’s conviction within the discipline of Web3 runs deep. He’s a giant supporter of Yuga Labs and lately expanded his holdings to incorporate 5,000 plenty of Otherdeed, together with Mega Kodas and Weapon Kodas, signaling a powerful perception in the way forward for the Bored Ape theme. Different aspect metaverse recreation. He acquired the property straight from Yuga.

“I’ve additionally dedicated to creating a collection of open market acquisitions this 12 months,” he posted on X after buying Otherside property. “There’s a lot concerned on this mission for your entire area, and I’ll do my finest to make it a hit for everybody.”

He additionally made waves earlier this 12 months after taking management of the CryptoDickbutts IPalongside PenisDAO, in a deal brokered by Eli Scheinman, recognized for structuring high-profile NFT acquisitions. He additionally acquired the HV-MTL NFT mission from Faraway Video games, which it had beforehand acquired from unique creator Yuga Labs.

The NFT market growth of some years in the past has dissipated, with fewer high-profile gross sales and dramatically decrease buying and selling quantity total. However collectors nonetheless purchase, promote and use their belongings, constructing a neighborhood and merchandise round each paintings and avatars, whatever the hype.

“I believe the people who find themselves nonetheless right here — the artists, the collectors, the founders — are those who maintain the area alive,” Weitsman mentioned. “This ecosystem is constructed on creativity and neighborhood. That is what I wish to defend.”

Meebits was launched in 2021 by Larva Labs, the makers of CryptoPunks and Autoglyphs, serving up 20,000 distinctive, tokenized 3D voxel characters prepared for the metaverse. Now led by MeebCo, the gathering is being reimagined by way of tales, artwork and collaborations within the bodily world.

Regardless of a troublesome market, Weitsman stays one of many few high-profile collectors who actively purchase, and his method is rooted in conviction quite than hype.

“All of the folks I’ve met within the room have been very optimistic,” he mentioned, “and I wish to proceed so as to add to that.”