The metaverse is noise.
The interesting long term stuff that will come out of this is computing more integrated into your whole life with AR. This is going to need a more networked, spatially aware, OS like abstraction than we’ve had to date. The scary part of that is FB making the play to own it and presumably all the data that can be harvested by being implicitly jacked into your entire life.
Apple are presumably working on the same thing for the same reasons but want you jacked into their ecosystem instead.
I believe the net result of what we’ll get is several competing walled gardens with interop at the app level as we see with phones these days.
The Web3 side of this is a mix of vultures taking easy money, well meaning people without backing and VC backed companies preaching decentralisation but offering themselves up either as middlemen or the beginning of another platform with the attendant lock-in. It primarily seems to be a way to get out of the rent seeking world of platforms into a rent seeking world for everything.