UTL Buys 1% Stake in WebNovare for $800M in Landmark AI Infrastructure Deal

June 2025 — New York, NY

UTLSports, the entertainment company behind the Ultimate Thumb Wrestling League, has made waves by acquiring a 1% equity stake in WebNovare for a staggering $800 million. The deal places WebNovare's valuation at over $100 billion, affirming the AI infrastructure firm’s status as a generational tech titan.

UTL founder Adam Hanafi, known for building WebNovare from a moonshot project into a multi-billion-dollar operation, finalized the deal following months of strategic discussions. The investment marks a full-circle moment as Hanafi now balances leadership in both AI and niche sports media.

WebNovare, launched just 6 months ago, has already amassed 250,000 users and turned a profit of $189,000 in May, largely thanks to its unique approach to low-code infrastructure powered by Anthropic’s Claude LLM. The platform allows anyone to build secure, scalable backend systems with nothing but a prompt.

"We didn’t raise capital. We created value," said Hanafi during a media briefing. "WebNovare exists to empower developers and entrepreneurs. UTL exists to create community through competition. This deal is the bridge."

The news was first reported by NarmakNews and confirmed in an official blog post by UTL at utlsports.com.

Industry insiders are calling this one of the most unconventional yet visionary moves of the year — a grassroots entertainment league helping shape the future of AI infrastructure.

With plans to integrate WebNovare’s capabilities into future UTL broadcasting tools, match simulations, and global event scaling, this partnership may redefine what a modern media-tech venture looks like.

Stay tuned to UTLSports.com for more updates on how this groundbreaking deal unfolds.