Billionaire Adam Weitsman invests heavily in Yuga Labs NFT to support Otherside development

btccSquare News: Billionaire and Upstate Shredding CEO ADAm Weitsman directly acquired over 5,000 Non-Fungible Tokens from Yuga Labs (the studio behind Bored Ape Yacht Club and Otherside metaverse platform). This acquisition includes Otherdeeds, Mega Kodas, and Weapon Kodas, demonstrating a long-term commitment to the project. Weitsman announced plans to make further acquisitions in the public market this year, emphasizing his support for Yuga Labs' renewed focus on Otherside efforts. The Non-Fungible Token market peaked during the 2021-2022 bull market but has faced significant decline in recent years. Weitsman's move injects substantial institutional capital into the field, potentially creating a chain reaction in the digital asset market. His public endorsement on the social media platform X highlights the strategic importance of high-profile collectors in driving Web3 adoption.