The NFT market has fallen off sharply since the 2021-22 bull run, but at least one billionaire collector is still betting big on the tokenized assets.
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 biggest-known purchase from the collection—which was launched by CryptoPunks creator Larva Labs in 2021.
Weitsman continues to double down on digital art and culture, even as markets cool.
“I’ve always loved Meebits,” Weitsman told Decrypt in an interview. “They’re actually the reason I got into 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 Meebits purchase was completed on what he described as “one of the reddest days of the market,” when crypto and NFT prices were sliding across the board.
Weitsman also credited Meebits CEO Sergio “Sergito” Silva—whose Meebit Company firm acquired the IP from Bored Ape Yacht Club creator Yuga Labs earlier this year—for 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 Fountain Digital’s Charles Katz and Noah Davis, while MeebCo CEO Sergito represented Weitsman. The price remains undisclosed.
“We’re honored by Adam’s continued support of Meebits and love having him in the community,” Silva told Decrypt. “His approach to collecting NFTs is a refreshing reminder of what originally inspired a lot of us to enter the space: make friends, build community, and support builders we believe in.”
Unlike many traders in the NFT space, Weitsman isn’t motivated by flipping or profit. He’s 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 haul includes several standout Meebits, including #16803, one of just 57 Skeletons ever minted, #367, an Elephant wearing a Skull Tee, and #7063, a Human featuring the ultra-rare Punk Tee.
Weitsman’s conviction in the Web3 space runs deep. A major Yuga Labs supporter, he recently expanded his holdings with 5,000 Otherdeed land plots, along with Mega Kodas and Weapon Kodas, signaling strong belief in the future of the Bored Ape-themed Otherside metaverse game. He acquired the assets directly from Yuga.
“I have also committed to making a series of acquisitions on the open market this year,” he posted on X following the Otherside assets purchase. “There is a lot riding on this project for the whole space, and I will do my best to help make it a success for everyone.”
He also made waves earlier this year after taking control of the CryptoDickbutts IP, alongside 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 had previously taken it over from original creator Yuga Labs.
The NFT market boom of a few years back has faded, with fewer eye-popping sales and dramatically less trading volume overall. But collectors still buy, sell, and utilize their assets, building community and products around artwork and avatars alike, regardless of hype.
“I think the people who are still here—the artists, the collectors, the founders—are the ones keeping the space alive,” Weitsman said. “This ecosystem was built on creativity and community. That’s what I want to protect.”
Launched in 2021 by Larva Labs, the creators of CryptoPunks and Autoglyphs, Meebits served up 20,000 unique, tokenized 3D voxel characters that were ready-made for the metaverse. Now under the direction of MeebCo, the collection is being reimagined through storytelling, art, and physical-world collaborations.
Despite a tough market, Weitsman remains one of the few high-profile collectors actively buying, and his approach is rooted in conviction rather than hype.
“All the people I’ve met in the space are very positive,” he said, “and I want to keep adding to that.”
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