Yeah that seems like a problem. In the early days of computing, you had consortiums competing against eachother. That might be helpful in speeding things up.
I wonder if it is possible to build a Verse on something like Godot, which is open already and has VR tools.
You can build verses with anything, but something standardized and decentralized like the Web? Competition back then may have been possible, but it's daunting now when you have winner-takes-all corporations with Google and the Web, and Mark Zuckerberg with VR.
You could do it with Godot, but distribution is also important. I built a VR browser before that browsed standardized VR worlds, but control of hardware also felt important. Perhaps there was a long-term path to success there.
If there was to be a "standardized/decentralized" "metaverse", things would have to move much faster. Think of all the features a "metaverse" might want, and each item would have to go through spec gatekeepers that don't even use/develop VR