I own a rift. Like many, mine is sitting in a box in my garage. If any of these people calling from multi trillion dollar valuations of the metaverse had ever actually bothered clamping one of these VR headsets to their head, they would have immediately realized how stupid they sounded.
SecondLife still exists, it's economy works fine, and it demonstrates very well that user-generated 3D worlds are awful for graphics framerate optimisation, which happens to be absolutely vital in VR headsets.
MBA courses must include an obligatory session of secondlife's peniscopter so no one ever bothers coming up with another iteration of this clusterfuck ever again