CLEVELAND, OHIO: After what seems like a lifetime of trash-talking and online arguments, Jake Paul will finally face Nate Diaz in the ring in Dallas, Texas. As he tries to bounce back from his first professional losses, "The Problem Child" will face the former champion of The Ultimate Fighter 5. This battle is expected to be one of the biggest in boxing this year.
Paul vs Diaz match details
Due to billion-dollar losses in technical development, DAZN will stream Paul and Diaz's boxing match in virtual reality (VR) using Meta's Stadium platform. The tech giant is still using the sport to propel its metaverse push. On its international streaming platform, DAZN will make the fight available as a pay-per-view (PPV) event. For the unversed, Jake Paul vs Nate Diaz's match is scheduled to take place on August 5 in Dallas, Texas. Viewers may tune in via the Xtadium application on their Meta Quest headset for the same price as a regular stream for the VR broadcast.
Jake Paul vs Nate Diaz
As of the time of the fight's announcement, Paul was the -260 favorite while Diaz was the +200 underdog. Now that the fight is just a few days away, Paul's advantage is further cemented according to the current odds on DraftKings Sportsbook.
Notably, the Problem Child is currently a -370 favorite while Diaz is a +265 underdog, according to the latest odds.
With the current odds, those who stake $1,000 on Paul will receive a payoff of $1,303.3 if the social media sensation triumphs. If Diaz has his hand raised, the identical wager on him will provide a larger reward of $3,450.
Meta’s metaverse ecosystem
It is the most recent event to be hosted on the Xtadium platform created by YBVR, which was introduced last year with the promise of 180-degree VR feeds in up to 8K video quality, with adjustable real-time statistics overlays and eight distinct camera angles offering a more individualized watching experience. It is a representative athletic event in the metaverse environment of Meta. In 2021, the parent company of Facebook changed its name to "Meta" to emphasize its aim to establish itself as a pioneer in the emerging field of immersive technology.
The company's primary social networking business, however, was what primarily contributed to the company's Q2 revenue growth of 11% to $32 billion, making it the most lucrative quarter since 2021. Earnings from Instagram's short-form video product, Reels, played a significant role in the rise.
Contrarily, despite major expenditures, Meta's metaverse revenues remain to represent a drop in the bucket on its financial sheet. Just $276 million was earned from VR and augmented reality (AR) goods over three months. In the meanwhile, Reality Labs lost $3.7 billion, adding to the $13.7 billion it lost the previous year. The tech giant anticipates the number will rise even higher.
