Why Does Adam Weitsman Keep Buying NFTs Despite a Cooler Market? - Crypto Economy

TL;DR

• Billionaire collector Adam Weitsman reinforced his long-term commitment to NFTs in 2025 through a large private Meebits acquisition.
• Despite lower trading volumes across the NFT sector, he continued accumulating assets tied to established intellectual property.
• His strategy centered on builder leadership, brand durability, and cultural relevance, rather than short-term market fluctuations.

The NFT market remains far from the highs seen during the 2021 cycle, yet selective buyers continue to deploy capital with a long-term perspective. Among them, billionaire businessman Adam Weitsman stands out as one of the most active high-profile collectors during the current downturn.

In a recent over-the-counter transaction, Weitsman acquired 229 Meebits in a single deal, making it one of the largest known private purchases from the collection. Meebits launched in 2021 and gained recognition as one of the earliest avatar-based projects designed for metaverse integration. The transaction followed Weitsman’s earlier accumulation of thousands of assets linked to the Otherside metaverse, reinforcing a consistent accumulation strategy rather than a one-off allocation.

NFTs And Conviction Over Market Cycles

While many market participants reduced exposure as prices retraced, Weitsman continued allocating capital during periods of negative sentiment. He described the timing of the Meebits purchase as intentional, occurring during a broad market sell-off affecting both crypto assets and NFTs.

On-chain data and marketplace reports show that NFT trading volumes throughout 2024 and into 2025 remained well below prior cycle peaks. Liquidity increasingly concentrated around legacy collections with recognizable brands and clear ownership histories. This environment favored collectors focused on scarcity and long-term relevance rather than rapid turnover.

Weitsman has repeatedly stated that he has never sold an NFT. This approach contrasts with short holding periods common during earlier speculative phases and aligns with a growing group of collectors who treat NFTs as cultural assets connected to digital identity, gaming ecosystems, and media development.


Meebits Strategy And Digital IP Expansion

Confidence in Meebits’ leadership played a central role in the acquisition. The collection’s intellectual property is now managed by MeebCo, following its transfer from Yuga Labs earlier this year. Since then, the project outlined initiatives centered on narrative development, licensing, and physical-world collaborations.

Beyond Meebits, Weitsman expanded his footprint across several established NFT brands. In 2025, he acquired the CryptoDickbutts intellectual property alongside partners and took control of the HV-MTL project, previously linked to the Yuga Labs ecosystem. These transactions reflected a broader thesis that established NFT IP retains optionality, even in subdued market conditions.