"Scrap King" Adam Weitsman spends big, buying over 5,000 NFTs from Yuga Labs

Amid the struggles of the market #NFT​ , with trading volume plummeting, scrap billionaire Adam Weitsman made a noteworthy move: spending heavily to purchase over 5,000 NFTs from Yuga Labs, including assets related to the Otherside metaverse project.

Confidence in the future of the metaverse

Weitsman's actions run counter to the general market trend. While many other projects are forced to liquidate assets, he publicly invests long-term in #YugaLabs . He shared on social media X: “I am making a long-term investment in Otherside and directly buying over 5,000 NFTs from Yuga Labs. I see that Yuga has recently refocused and prioritized the development of Otherside. This project holds great expectations not just for them but also for the entire Web3 space, and I will strive to help it succeed.”

Supporting Yuga Labs and Otherside

Weitsman has not only stopped at buying NFTs but also expressed his intention to continue purchasing more on the open market. This move is not just a personal investment but is also seen as a strategic support for Yuga Labs during tough times. The fact that a major investor places trust in #Otherside , a project that once created a frenzy but later “went dormant,” is an optimistic signal. It shows that the metaverse still holds tremendous potential and can revive strongly with the support of visionary investors.