Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
Metaverse is another hype which most probably won't even see the light of real world. A huge company as Meta is struggling to create and maintain a Metaverse and now several of wannabe project want to replicate it to some form. They'd probably make something simpler or just like todays MMORPG or just an iteration of online games but that too would be of poor quality. We've seen how crypto games project have failed and almost all of them are simple text and picture based RPG rather than a real game.
Unfortunately this is the most likely outcome by far, if something similar to the metaverse already existed then everything would be a matter of execution, so the developers that were the best at replicating the existing technology would obtain a huge advantage over their competitors.
However the metaverse is still just an idea on paper that is going to be very difficult to make a reality, and I doubt those developers have the talent and the resources to actually make anything close to their vision.