The NFT market has fallen sharply since the 2021-2022 bull market, but at least one billionaire collector is still betting big on tokenized assets.
Businessman and collector Adam Weitzman in one of the biggest private NFT transactions of the year Recently obtained 229 Meebits NFTs were purchased in a single over-the-counter transaction, marking the most high-profile purchase in a collection launched in 2021 by Larva Labs, the creator of CryptoPunks.
Weitzman continues to focus on digital art and culture despite the cooling market.
“I’ve always loved Miebitz,” Weitzman said. decryption In an interview. “In fact, these products are why I joined Web3 in the first place. This purchase is my way of showing confidence in the team.”
He added that timing was part of the message behind this deal.
“When I have negative emotions, I try to take action,” he said. The Meebits acquisition was completed on what he described as “one of the reddest days in the market,” at a time when crypto and NFT prices were falling across the board.
Weitzman also praised the work of Meebits CEO Sergio “Sergito” Silva, a Meebit Company. Got the IP Earlier this year, Bored Ape Yacht Club founder Yuga Labs thanked him for his beliefs.
“Sergit is one of the best guys,” Weitzman said. “I believe in him as a person and as a friend.”
The private sellers were represented by Charles Katz and Noah Davis of Fountain Digital, and Weitsman was represented by Sergito, CEO of MeebCo. Price remains undisclosed.
“We are honored by Adam’s continued support of Miebitz and are excited to welcome him to our community,” Silva said. decryption. “His approach to collecting NFTs is a refreshing reminder of what inspired many of us to get into this field: making friends, building community, and supporting builders we believe in.”
Unlike many traders in the NFT space, Weitzman’s motivation isn’t flips or profits. He has never sold NFTs in his life and says he does not believe in and will never sell them.
“I collect because I love art, I love people, and I love the history that has been made,” he said. “For me, this is about heritage, not liquidity.”
This collection includes some standout me-bits, including #16803, one of only 57 skeletons ever minted, #367, an elephant wearing a skull t-shirt, and #7063, a human wearing an ultra-rare punk t-shirt.
Weitzman’s beliefs in the Web3 space are deep-rooted. A major proponent of Yuga Labs, he recently expanded his ownership with 5,000 Otherdeed land parcels along with Mega Kodas and Weapon Kodas, demonstrating his strong belief in the future of The Bored Ape-themed games. Metaverse game on the other side. He acquired the assets directly from Yuga.
“I have also committed to making a series of acquisitions on the public market this year,” he posted on X after acquiring the Otherside assets. “There are many people across the space working on this project, and I am committed to making this a success for everyone.”
Today is a special day for me.
I’m a long-term investor in Otherside and continue to build my collection by acquiring over 5,000 Otherdeeds, Mega Kodas, and Weapon Kodas directly from @yugalabs. I have also committed to making a series of acquisitions on the public market… pic.twitter.com/I9HeQwNx5k
— Adam Weitsman (@AdamWeitsman) August 4, 2025
Earlier this year he Cryptodic Butts IPin a deal brokered by Eli Scheinman, who, along with PenisDAO, is known for structuring high-profile NFT acquisitions. He also acquired the HV-MTL NFT project from Faraway Games, which he previously took over from original creator Yuga Labs.
The NFT market boom of a few years ago is gone, spectacular sales have declined, and overall trading volume has fallen dramatically. But regardless of the hype, collectors still buy, sell, and leverage their assets, building communities and products around their artworks and avatars.
“I think the people who are still here, the artists, the collectors, the founders, are what keep this space alive,” Weitzman said. “This ecosystem was built on creativity and community, and that’s what I want to protect.”
I let your best friend lend me his pad for a few days in New York, and when I came back after he left, I found this wonderful gift left on the table that he had made for me during my stay. I will cherish this forever 🙏 The people I met are the reason I fell in love with Web3 in 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 provided 20,000 unique tokenized 3D voxel characters ready-made for the Metaverse. Now, under the direction of MeebCo, the collection is being reimagined through a collaboration of storytelling, art, and the physical world.
Despite the tough market, Weitzman is one of the few notable collectors who remains an active buyer, and his approach is based on conviction rather than hype.
“Everyone I’ve met in this space has been so positive, and I want to build on that,” he said.