It doesn't have to be needed to have a place in the world, take for example NFT's, i mean are they needed ? No. Do they benifit the world in anyway ? Objectively no. But still as you can see they're used and traded at insane prices, why you may ask ? well because we live in an irrational fucked up world.

Big social media companies on the other like facebook have already invested million of dollars into their own version of the "Metaverse" so who knows maybe 5 or 10 years from now we will be spending our lives with a chip installed on our brain.