A billionaire investor, Adam Weitsman, has bought over 5,000 NFTs from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas. The deal was made directly with Yuga Labs and is seen as a major show of support for its metaverse project, Otherside.
The buyer, Adam Weitsman, shared the news on X, “Today is a special day for me. I’m making a long-term investment in Otherside and acquiring over 5,000 Otherdeeds, Mega Kodas and Weapon Kodas direct from @yugalabs to continue building my collection. I have also committed to making a series of acquisitions on the open market this year.”
Yuga Labs, known for Bored Ape Yacht Club and CryptoPunks, is now turning its focus to Otherside. It recently sold off parts of its older intellectual property to make room for this shift.
“I have recently seen Yuga refocus and prioritise @othersidemeta,” Adam added, “There is a lot riding on this project for the whole space and I will do my best to help make it a success for everyone.”
In response, Greg Solano, Co-Founder of Yuga Labs, said the company was thankful for Weitsman’s strong involvement. He confirmed that the investor intends to hold the NFTs for years as part of his commitment to the project.
Spikes in Otherside NFTs
The purchase follows Otherside’s recent public opening and its first digital event. After the announcement, the NFT collection’s price rose to 0.19 ETH, its highest point in a month–as per DappRadar data.
Before the deal, Yuga Labs held more than 10,000 NFTs from the collection. This sale moved nearly half of that into the hands of a single collector. Otherside’s earlier launch was marked by limited supply and high prices, which left many buyers out. Now, Yuga is working to bring in more users while still keeping major collectors involved.
At this stage, the exact use of the NFTs inside the game is not fully clear. Some events are already taking place, and the team hopes to increase activity as the platform grows. There is talk of rewards for players later on, but no full details have been shared.
The NFT market remains dim, but moves like this show that some investors still believe in Web3 gaming and Metaverse. The future of Otherside may depend on whether it can turn early support into lasting growth.
Also Read: CFTC to Allow Spot Crypto Trading on Regulated Exchanges
