we never go around in circles because every new thing is an advancement so the old ways have been deprecated by developers. so we are all moving forward not in circles. from the ICO, then the IEO and now the Metaverse, all that's happened is progress about better usability and security. and the metaverse will disappear in time if there are new discoveries in the future.
I also thought so because based on the facts that have happened in the past, it is exactly like what you said, so that any progress will disappear automatically if there is something better.
And I think the same thing will happen to NFT, as well as Metaverse as you say.