Tbf I think most would say that the VR/AR boom is still ongoing, just with less glitz.
Edit: agree on the metaverse as implemented/demoed not being much, but that's literally one application
Edit: agree on the metaverse as implemented/demoed not being much, but that's literally one application
Don't get me wrong, VRChat and Beat Saber are neat, and all the money thrown at the space got the tech advanced at a much faster rate than it would have organically have done I'm the same time (or potentially ever). But you can see Horizon's attempt to be "VRChat but a larger more profitable business" to see how the things you would need to do to monetise it to that level will lose you the audience that you want to monetise.