Crypto Billionaire Adam Weitsman Acquires Over 5,000 NFTs from Yuga Labs!

Jakarta, Pintu News – Adam Weitsman, a billionaire investor, has acquired over 5,000 NFTs from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas. This purchase was made directly with Yuga Labs and is considered a major endorsement of their metaverse project, Otherside. This marks a major step in the world of digital and metaverse investing.

Big Investment in Otherside

Adam Weitsman announced his long-term investment in the Otherside project through the X social platform. He stated, “Today is a special day for me. I am investing long-term in Otherside and acquiring over 5,000 Otherdeeds, Mega Kodas, and Weapon Kodas directly from @yugalabs to continue building my collection.” Weitsman also committed to a series of acquisitions on the open market this year.

Yuga Labs, known for Bored Ape Yacht Club and CryptoPunks, is now shifting its focus to Otherside. Recently, they sold a portion of their old intellectual properties to make room for this shift.

Weitsman added, “I’ve recently seen Yuga focus and prioritize @othersidemeta. A lot is at stake in this project for the entire space and I will do my best to help make it a success for everyone.”

Also read: Robert Kiyosaki Predicts Bitcoin (BTC) to Fall to $90,000 in August, Here’s His Analysis!

Market Reaction and Yuga Labs Support

In response to this massive buyout, Greg Solano, co-founder of Yuga Labs, expressed his gratitude for Weitsman’s strong involvement. Solano confirmed that the investor intends to hold the NFT for many years as part of his commitment to the project.

This shows great confidence in the long-term potential of Otherside. Following the announcement, the Otherside NFT collection price rose to 0.19 Ethereum (ETH), the highest point in one month according to DappRadar data.

Prior to this deal, Yuga Labs owned over 10,000 NFTs from the collection. This sale moves almost half of them into the hands of a single collector, showing great confidence in Otherside’s vision and future.

Read also: Linea Launches Auto-Stake Feature for Brokered ETH, What’s the Future Project Like?

The Use of NFTs in Games and the Future of Otherside

At this stage, the specific use of NFTs in the game is still not entirely clear. Some events have already started taking place, and the team hopes to increase activity as the platform grows. There is talk of rewards for players later on, but full details have yet to be shared.

Although the current NFT market seems bleak, moves like this show that there are still investors who believe in Web3 gaming and the metaverse. Otherside’s future may depend on whether it can turn early support into sustained growth.

Conclusion

Adam Weitsman’s investment in Otherside marks a pivotal point in the evolution of the NFT market and the metaverse. With financial and strategic backing from influential investors, Otherside has the potential to become a leader in the emerging metaverse space. It also demonstrates a growing belief in the long-term value of digital assets in the new economy.

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Reference

• Crypto Times. Investor Acquires 5000 NFTs from Yuga Labs to Revive Otherside. Accessed on August 7, 2025
• Featured Image: The Block