Billionaire Buys 5,000 Yuga NFTs

[umair]

Big news in the NFT space—scrap metal billionaire Adam Weitsman just made a massive move by buying over 5,000 NFTs from Yuga Labs. The purchase includes Otherside assets like Otherdeeds, Mega Kodas, and Weapon Kodas, all done through a direct over-the-counter deal with Yuga.

He called it a long-term investment into the Otherside metaverse and announced plans to keep buying more on the open market throughout the year. That’s a serious commitment, especially considering how quiet the NFT market has been lately.

What’s even more interesting is that Yuga Labs had held on to over 10,000 of these digital assets but sold nearly half of them in one go to Weitsman. This isn’t just a casual collector pick-up—it’s a strategic bet on the long-term future of Yuga’s metaverse vision.

Since the purchase, there has already been some movement in floor prices, with slight increases indicating renewed interest in Otherside NFTs. Some people see this as a sign that big money is quietly returning to NFTs, even while most of the market remains down.

It’s also worth noting that Yuga Labs recently sold off other major NFT brands like CryptoPunks and Moonbirds to sharpen their focus on the Otherside project. So this big buy from Weitsman could be part of a bigger narrative: rebuilding momentum and credibility around Yuga’s flagship metaverse.

Personally, I think this is a calculated move by someone who sees value where most people aren’t looking right now. Whether it pays off depends on how Yuga executes in the next 12–18 months.

What do you all think? Smart timing, or is it still too early to double down on metaverse NFTs? Would you make a similar bet right now?

Let’s hear your thoughts.