Clicking through this ad, I really disagree with your contention that it's anything other than total garbage. It's an on-rails walk through a series of screenshotted instagram ads, the idea being that users will be... really excited to learn about the ads they can see in the metaverse?

There's no other pitch here. It's literally just some instagram screenshots floating in a near-featureless room you can slowly click around. This seems like the sorta thing you'd make if you've completely lost touch with your users and are just throwing spaghetti the wall as your PM directs you.