VRChat won because it's a relatively open platform. That's it. The people in there spent money on Meta hardware when it was better but they would then use it on

VRChat won because it's a relatively open platform. That's it. The people in there spent money on Meta hardware when it was better but they would then use it only in VRChat. If a big company embraced an open platform I suspect the space would be far successful. Still a lot of untapped potential. VRChat is successful because someone can show up in a Goku avatar and start roleplaying. A DJ can stream their twitch steam right into an instance. VRChat still has no real store system having people upload unity projects manually to use a custom avatar. There's an entire universe of potential revenue if a clothing, avatar, and instance space system was built into the client.