Why This Billionaire Collector Continues to Purchase NFTs in 2025 – Decrypt

The NFT market has fallen off sharply for the reason that 2021-22 bull run, however not less than one billionaire collector remains to be betting large on the tokenized belongings.

In one of many largest non-public NFT offers of the 12 months, 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, at the same time as markets cool.

“I’ve all the time beloved Meebits,” Weitsman advised Decrypt in an interview. “They’re really the rationale I acquired into Web3 within the first place. This buy is my manner of displaying confidence within the group.”

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 12 months—for his conviction.

“Sergito is likely one of the finest guys,” Weitsman mentioned. “I imagine in him as an individual and as a buddy.”

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

“We’re honored by Adam’s continued assist of Meebits and love having him in the neighborhood,” Silva advised Decrypt. “His strategy to amassing NFTs is a refreshing reminder of what initially impressed a variety of us to enter the house: make pals, construct neighborhood, and assist builders we imagine in.”

Not like 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 accumulate as a result of I like the artwork, the folks, 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 sporting a Cranium Tee, and #7063, a Human that includes the ultra-rare Punk Tee.

Weitsman’s conviction within the Web3 house runs deep. A significant 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 sport. He acquired the belongings instantly from Yuga.

“I’ve additionally dedicated to creating a collection of acquisitions on the open market this 12 months,” he posted on X following the Otherside belongings buy. “There’s a lot using on this challenge for the entire house, and I’ll do my finest to assist make it a hit for everybody.”

He additionally made waves earlier this 12 months after taking management of the CryptoDickbutts IP, alongside PenisDAO, in a deal brokered by Eli Scheinman, recognized 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 pale, with fewer eye-popping gross sales and dramatically much less buying and selling quantity general. However collectors nonetheless purchase, promote, and make the most of their belongings, 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 maintaining the house alive,” Weitsman mentioned. “This ecosystem was constructed on creativity and neighborhood. That’s what I need 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 via 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 strategy is rooted in conviction somewhat than hype.

“All of the folks I’ve met within the house are very optimistic,” he mentioned, “and I need to hold including to that.”