The reason you're so confused is because despite the development costs there really is that little substance to what they created. They rebranded Oculus and mad

The reason you're so confused is because despite the development costs there really is that little substance to what they created. They rebranded Oculus and made a half-baked sterile meeting app for it that nobody uses. There is a lot of high level postulating about new standards of linking worlds together or something something decentralized blockchain something but none of that is a concrete reality. In the end, the actual "Metaverse" app represents a virtual world that is fundamentally worse at its job of being a explorable, collaborative, or social than a vr-enabled instance of Minecraft.