It’s really obvious the actual “metaverse” goal wasn’t a vrchat/second life style product. It was another layer on top of the real world where physical space could be monetized, augmented and eventually advertised upon.

AR glasses in a spectacles form factor was the goal, it’s just to get there a VR headset includes solving a lot of the problems you need to solve for the glasses to work at all.

Apple made the same bet.