Massive Metaverse Bet: Billionaire Acquires 5,000+ NFTs from Yuga Labs

Adam Weitsman buys 5,000 NFT in deal with Yuga Labs

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 colle…

Massive Metaverse Bet: Billionaire Acquires 5,000+ NFTs from Yuga Labs

Crypto billionaire and scrap-metal magnate Adam Weitsman has made a bold move in the NFT space, acquiring over 5,000 NFTs directly from Yuga Labs, the creators of Bored Ape Yacht Club and Otherside.For an uninitiated, Adam Weitsman is a billionaire entrepreneur, philanthropisr, investor, and founder of Viridium LLC, a cryptocurrency mining company. Adam is best known for transforming a family scrap metal business into one of the largest privatel…