It’s 2025 and this billionaire collector is still buying NFTs?

Despite the sharp decline in the NFT market, billionaire Adam Weitsman continues to increase investment. He recently acquired 229 Meebits and acquired the intellectual property rights of multiple NFT projects, demonstrating his firm confidence in the field of digital art.
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Adam Weitsman recently acquired 229 Meebits, once again increasing the number of NFTs field.

TL;TR

• Even as the market plummets, businessman and investor Adam Weitsman remains a major buyer of NFTs.
• He recently purchased 229 Meebits, shortly after purchasing 5,000 NFT assets from the Otherside metaverse game.
• He also acquired the intellectual property rights to the CryptoDickbutts and HV-MTL NFT projects this year, promoting the redevelopment of both projects.

The NFT market has fallen significantly since the 2021-22 bull run, but at least one billionaire collector is still investing heavily in the space.

In the largest private NFT transaction this year, businessman and collector Adam Weitsman acquired 229 Meebits NFTs in an over-the-counter transaction at one time. It’s the largest known single transaction in the series — Meebits was launched in 2021 by CryptoPunks creator Larva Labs.

Even as the market continues to cool, Weitsman is still increasing his investment in the field of digital art and culture.

“I’ve always loved Meebits,” Weitsman said in an interview with Decrypt. “In fact, they were the first time I got into Web3. This acquisition is my way of expressing confidence in the team.”

The timing of the deal itself also sends an important signal, he added.

“I tend to take action when the market is flooded with negative sentiment,” he said. The Meebits acquisition was completed on what he calls “one of the bleakest days for the market” when cryptocurrency and NFT prices fell across the board.

Weitsman also recognized Meebits CEO Sergio Silva. MeebCo, the company founded by Silva, acquired the intellectual property from Yuga Labs earlier this year.

“Sergio is one of the most reliable people,” Weitsman said. “I have full confidence in him both as a partner and as a friend.”

The seller was represented by Charles Katz and Noah Davis of Fountain Digital in the transaction, while MeebCo CEO Sergio represented Weitsman. The transaction price has not been disclosed.

“We are honored by Adam’s continued support of Meebits and excited to have him join the community,” Silva told Decrypt. “His NFT collection philosophy is refreshing and reminds us of why we entered the field in the first place: making friends, building community, and supporting creators we trust.”

Unlike many traders in the NFT space, Weitsman’s motivation is not to buy low, sell high, or make a profit. He has never sold any NFT in his life and said he does not agree with the selling behavior and will not sell it in the future.

“I collect NFTs because I love these works of art, the creators behind them, and the history that is being written,” he said. “For me, it’s about heritage, not making money.”

The collection acquired includes a number of extremely rare Meebits, such as the Skeleton Series #16803, which is only issued in 57 pieces, the Elephant in a Skeleton T-shirt #367, and the Human in an ultra-rare punk T-shirt #7063.

Weitsman's confidence in the Web3 field is deep-rooted. As an important supporter of Yuga Labs, he recently significantly expanded his portfolio in the metaverse game Otherside, purchasing 5,000 pieces of Otherdeed land, giant Kodas, and weapon Kodas, demonstrating his strong confidence in the future of the boring ape-themed metaverse game. These assets were acquired directly from Yuga Labs.

“I have also committed to a series of acquisitions in the public market this year,” Weitsman posted on the He partnered with PenusDAO and acquired the intellectual property rights of CryptoDickbutts, driven by Eli Scheinman, who is known for facilitating high-end NFT acquisitions. In addition, he also acquired the HV-MTL NFT project from Faraway Games. The project was originally created by Yuga Labs, which was later acquired by Faraway Games.

Although the NFT market craze of a few years ago has faded, sky-high price transactions have decreased, and overall transaction volume has also declined sharply, collectors are still continuing to buy, sell and use the assets in their hands to build communities and develop products around artworks and avatars, regardless of market fluctuations.

“I think the people who are still here — artists, collectors, entrepreneurs — are the core of what keeps this space alive,” Weitsman said. “This ecosystem is built on creativity and community, and that’s what I want to protect.” Pixel characters, specially designed for metaverse scenes. Now under the leadership of MeebCo, the series is being reinvented through narrative creation, artistic upgrades, and real-world collaboration.

Despite the tough market conditions, Weitsman is one of the few well-known collectors still actively acquiring, and his collecting philosophy has always been based on firm belief rather than market enthusiasm.

“Everyone I’ve met in this field has been very positive,” he said, “and I hope to continue to contribute to that positive atmosphere.”