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The company behind Second Life is already working on a VR-centric "Second Life v2", with what seems to me a more interesting vision of the metaverse than Facebook Spaces.

http://www.wsj.com/video/creating-virtual-reality-worlds/E18...

There's also High Fidelity, an open source, distributed VR metaverse started by the founder of the same company.

https://highfidelity.io/

It's not called "Second Life v2" it's called Sansar.

I didn't mean that literally, although it was originally announced as "Second Life 2".

Not "Third Life"?

Seems more like it is heading towards the ideas behind the metaverse[0]

0: https://en.wikipedia.org/wiki/Metaverse

Not really. This is more like Messenger v2.

Second Life / High Fidelity are much closer to the ideas behind the Metaverse than this.

More like v.3... from the look of it you are not moving around much in spaces.