It's out of question that Facebook (and other companies) did a good job in progressing VR headsets technology (through I wouldn't call it a miracle).
But the meta-verse idea as presented by Facebook doesn't look too promising IMHO. It looks out of touch with reality and it's from Facebook. A company well known to try to force their world view onto all other people around the world, ignoring any ethical questions arising. Sure by renaming themself they will manage to somewhat run away from their responsibilities, but as they don't really change their ways it's just a mater of time until we will have the next batch of scandals, now attached to the "meta"-name instead of Facebook.
I am deeply skeptical meta is going to make the kinds of fundamental breakthroughs that will make VR mainstream and useful to people. Right now they are basically brute forcing the issue with tons of money and even then I am a bit underwhelmed and I use my quest almost daily.