Billionaire Adam Weitsman's Massive NFT Acquisitions Fuel Metaverse and NFT Market Optimism

Billionaire collector Adam Weitsman has executed significant over-the-counter NFT purchases, highlighting growing institutional interest in digital assets. In August 2025, Weitsman acquired 5,000 Otherside NFTs directly from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas, in one of the largest private deals of the year.

The transaction immediately impacted market dynamics, driving the Otherside NFT floor price to a one-month peak of 0.19 ETH due to reduced circulating supply. Weitsman emphasized his long-term commitment, stating, "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 direct from Yuga Labs to continue building my collection." He also pledged to make additional acquisitions on the open market.

Greg Solano, Co-founder of Yuga Labs, welcomed the move, remarking, "Grateful to have Adam double down as a partner and builder for this next phase of Otherside. No one better to have in our corner." Following this, Weitsman purchased 229 Meebits NFTs in a separate OTC deal, representing the largest-known acquisition from the collection, and earlier secured IP rights to CryptoDickbutts and HV-MTL projects.

Weitsman's strategy is rooted in legacy rather than short-term profits; he has never sold an NFT and focuses on community and art. "I collect because I love the art, the people, and the history being made," he explained. "For me, this is about legacy, not liquidity." These purchases have reinvigorated NFT trading volume and sentiment, with analysts noting potential for increased institutional engagement in the metaverse ecosystem.