I can tell you what the Metaverse is not. A corporate social space. That said there is interest in what it could be out side of the corporate dystopia.

I have been imagineering a VR Theme Park with highly detailed dark rides that is online and thus a Metaverse by definition and it ranks in the top VR apps and miles above all the social focus Metaverses, especially the corporate ones. I am sure there will be other Metaverses that catch on too, it is just hard to see when the corporations shit all over the term by presenting such an awful, boring and downright creepy take on it.