Weitsman also plans to acquire more NFTs on the open market, putting trust in the Otherside ecosystem.

Billionaire Adam Weitsman has acquired 5,000 Otherside NFTs directly from Yuga Labs as a sign of long-term support for the gamified collection. The billionaire’s purchase comes as Yuga Labs looks to reinvent itself as the producer of the most valuable items.

In an X post Monday, Weitsman announced the purchase of 5,000 NFTs from Otherside collections, including Otherdeeds, Mega Kodas, and Weapon Kodas. The acquisition comes directly from items held by Yuga Labs in an OTC deal.

Weitsman also plans to acquire more NFTs on the open market, putting trust in the Otherside ecosystem.

The co-founder of Yuga Labs Wylie Aronow praised the conviction of Weitsman for his readiness to expand his personal collection.

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, said Greg Solano, co-founder of Yuga Labs.

Weitsman will lock the NFT for years, betting on the long-term development of the Otherside metaverse.

Yuga Labs was in the process of rearranging its intellectual property, selling CryptoPunks and Moonbirds to third-party curators. The Otherside will be a new area of focus, as gaming and NFTs made a return in 2025.

The purchase arrived just days after the Otherside metaverse opened to users and held its first Bubble event and virtual meetup.

Yuga Labs owned 10,400 Otherside NFTs, essentially selling nearly half its holdings. Following the announcement, the Otherside collection increased its floor price to a one-month peak of 0.19 ETH. The Otherside collections are relatively minor compared to Punks and Bored Apes, but show a readiness to revive metaverse games and gamified NFTs.