The NFT market has fallen sharply since the 2021-2022 bull run, but at least one billionaire collector is still betting big on the tokenized asset.
In one of the largest private NFT deals of the year, businessman and collector Adam Weitsman recently acquired 229 Meebits NFTs in a single over-the-counter transaction, marking the largest known purchase from the collection, which was launched in 2021 by CryptoPunks maker Larva Labs.
Weitsman remains committed to digital arts and culture, even as markets cool.
“I’ve always loved Meebits,” Weitsman said Declutter in an interview. “They are actually the reason I started 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 the deal.
“I try to make moves when there’s negativity,” he said. The purchase of Meebits was completed on what he described as “one of the market’s reddest days,” when crypto and NFT prices fell across the board.
Weitsman also mentioned Meebit’s CEO Sergio “Sergito” Silva, whose Meebit Company firm acquired the IP from Bored Ape Yacht Club maker Yuga Labs earlier this year – before his conviction.
“Sergito is one of the best guys,” Weitsman said. “I believe in him as a person and as a friend.”
The private seller was represented by Charles Katz and Noah Davis of Fountain Digital, while MeebCo CEO Sergito represented Weitsman. The price remains unknown.
“We are honored by Adam’s continued support of Meebits and are excited to have him in the community,” Silva said. Declutter. “His approach to collecting NFTs is a refreshing reminder of what originally inspired many of us to enter this space: making friends, building community, and supporting builders we believe in.”
Unlike many traders in the NFT world, Weitsman is not motivated by flipping or profit. He has never sold an NFT in his life and says he doesn’t believe in selling and never will.
“I collect because I love the art, the people and the history being made,” he said. “For me, this is about legacy, not liquidity.”
The collection features several notable Meebits, including #16803, one of only 57 skeletons ever minted, #367, an elephant wearing a skull T-shirt, and #7063, a human wearing the ultra-rare punk T-shirt.
Weitsman’s conviction in the field of Web3 runs deep. He is a big supporter of Yuga Labs and recently expanded his holdings to include 5,000 lots of Otherdeed, along with Mega Kodas and Weapon Kodas, signaling a strong belief in the future of the Bored Ape theme. Other side metaverse game. He acquired the assets directly from Yuga.
“I have also committed to making a series of open market acquisitions this year,” he posted on X after purchasing Otherside assets. “There is a lot involved in this project for the entire space, and I will do my best to make it a success for everyone.”
Today is a special day for me.
I’m making a long-term investment in Otherside and acquiring over 5,000 Otherdeeds, Mega Kodas, and Weapon Kodas directly from @yugalabs to continue building my collection. I have also committed to making a series of acquisitions on the open market… pic.twitter.com/I9HeQwNx5k
— Adam Weitsman (@AdamWeitsman) August 4, 2025
He also made waves earlier this year after taking control of the CryptoDickbutts IPalongside PenisDAO, in a deal brokered by Eli Scheinman, known for structuring high-profile NFT acquisitions. He also acquired the HV-MTL NFT project from Faraway Games, which it had previously acquired from original creator Yuga Labs.
The NFT market boom of a few years ago has dissipated, with fewer high-profile sales and dramatically lower trading volume overall. But collectors still buy, sell and use their belongings, building a community and products around both artwork and avatars, regardless of the hype.
“I think the people who are still here — the artists, the collectors, the founders — are the ones who keep the space alive,” Weitsman said. “This ecosystem is built on creativity and community. That’s what I want to protect.”
When you let your good friend borrow your sanitary pads for a few days in New York and come back after he leaves, you find this amazing gift on the table that he made for me during his stay. 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
Meebits was launched in 2021 by Larva Labs, the makers of CryptoPunks and Autoglyphs, serving up 20,000 unique, tokenized 3D voxel characters ready for the metaverse. Now led by MeebCo, the collection is being reimagined through stories, art and collaborations in the physical world.
Despite a tough market, Weitsman remains one of the few high-profile collectors who actively buy, and his approach is rooted in conviction rather than hype.
“All the people I’ve met in the room have been very positive,” he said, “and I want to continue to add to that.”