"THIS SPACE NEEDS A BEACON OF HOPE":BAYC Member And Entrepreneur Adam Weitsman Purchases 5,000 Otherdeeds From Yuga Labs!

Mutant Monday was insane around the swamp after Bored Ape Yacht Club member and entrepreneur Adam Weitsman pulled off the Otherside equivalent of buying Australia in the real world, acquiring 5% of the land in the metaverse because “this space needs a beacon of hope.”

Just 10 days after the always on Otherside went live, inviting everyone to ape into the swamp and chat in Bubbles, Weitsman closed the biggest deal in the history of the metaverse, acquiring 5,000 Otherdeeds and an unknown amount of Kodas from Yuga Labs in an undisclosed over the counter deal.

“Today is a special day for me,” Weitsman tweeted. “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. I have recently seen Yuga refocus and prioritize @othersidemeta. 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.”

 

After the deal, Yuga Labs CEO Garga thanked Weitsman for his constant support and said he couldn’t wait to build alongside him going forward.

“Grateful to have Adam double down as a partner and builder for this next phase of Otherside,” he tweeted. “No one better to have in our corner.”

With this acquisition, Weitsman now owns 6,474 Otherdeeds, making him the largest single Otherdeed holder, just edging out Yuga Labs itself by 324 Otherdeeds. While we do not yet know exactly which lands, Kodas, and other assets Weitsman received in the deal, he did confirm that he acquired seven Chaos Otherdeeds.

 

Following Weitsman’s announcement, NowMedia’s Matt Medved published an in-depth report on the deal, revealing that it took 72 hours to finalize and included terms such as the metaverse’s new largest landowner agreeing not to sell. It also included confirmation that HV-MTLs, which were sold to Faraway Gaming Studios last year, will be incorporated into Otherside.

“I would love them to incorporate HV-MTLs in Otherside, and they’ve agreed to,” Weitsman said. “I felt they owed that to a lot of people who played and grinded out that game.”

 

Along with agreeing to terms on holding and HVs, Weitsman teased that he’d love to use his newfound deeds for good and to inspire children around the globe.

“I’ve got some ideas about kids playing this all over the world,” he said. “This is a tough world. A place that kids can dream in. They can dream that this is their house and this is their land… “I’d love to be able to have an advisor for every 30 Otherdeeds” who would teach them how to build. Teach them how to trade. Teach them how to barter.”

 

Weitsman went on to explain that, ultimately, this deal is about inspiring not only those around the swamp but everyone who believes in NFTs.

“This space needs a beacon of hope,” he said. “I don’t have a financial interest in Yuga, so I can be very objective, I’m not biased toward the thing. I just want what’s best for the space.”

With today’s landmark acquisition, Weitsman now holds five of the 13 Mega Mutant Apes, four Bored Apes, one additional Mutant Ape, a Meebit, four Mega Kodas, 6,474 Otherdeeds, three Bored Ape Kennel Club pups, the Golden Key from Dookey Dash, 525 HV-MTLs, a CryptoPunk, and a Moonbird!

 

The Bored Ape Gazette is working to find out more about Weitsman’s Otherside acquisition and will be bringing you reports on the community reaction and more. Stay tuned for updates!