Why This Billionaire Collector Continues to Buy NFTs in 2025

The NFT market has fallen off sharply because the 2021-22 bull run, however at the very least one billionaire collector continues to be betting massive on the tokenized property.

In one of many largest non-public NFT offers of the yr, 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, whilst markets cool.

“I’ve at all times liked Meebits,” Weitsman instructed Decrypt in an interview. “They’re really the rationale I bought into Web3 within the first place. This buy is my approach of displaying confidence within the crew.”

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 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 yr—for his conviction.

“Sergito is without doubt one of the greatest guys,” Weitsman mentioned. “I imagine in him as an individual and as a pal.”

The non-public vendor was represented by Fountain Digital’s Charles Katz and Noah Davis, whereas MeebCo CEO Sergito represented Weitsman. The worth stays undisclosed.

“We’re honored by Adam’s continued help of Meebits and love having him locally,” Silva instructed Decrypt. “His method to accumulating NFTs is a refreshing reminder of what initially impressed lots of us to enter the house: make mates, construct neighborhood, and help builders we imagine in.”

In contrast to many merchants within the NFT house, Weitsman isn’t motivated by flipping or revenue. He’s by no means bought an NFT in his life, and says he doesn’t imagine in promoting and by no means will.

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

The haul consists of a number of standout Meebits, together with #16803, one in every 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 house 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 recreation. He acquired the property immediately from Yuga.

“I’ve additionally dedicated to creating a sequence of acquisitions on the open market this yr,” he posted on X following the Otherside property buy. “There’s a lot using on this challenge for the entire house, and I’ll do my greatest to assist make it a hit for everybody.”

He additionally made waves earlier this yr 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 challenge from Faraway Video games, which had beforehand taken it over from authentic creator Yuga Labs.

The NFT market increase of some years again has light, 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 neighborhood and merchandise round paintings 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 house alive,” Weitsman mentioned. “This ecosystem was constructed on creativity and neighborhood. That’s what I wish to shield.”

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 below 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 method is rooted in conviction fairly than hype.

“All of the individuals I’ve met within the house are very constructive,” he mentioned, “and I wish to maintain including to that.”