I think these companies are just too early to the metaverse trend. Their valuations are obviously completed inflated and senseless right now. It blows my mind that you can have a +1B valuation with a product that nobody uses, the world is INSANE. So yes, I agree with you that these projects are absolutely overvalued in the current market environment.

However, I see the metaverse as an unavoidable future development. We are more and more connected everyday, hell, just look at the development between Millenials and gen Z. People are basically born and connected to the internet instantly. Its hard for me not to see the next generation just living in a virtual world, working in a virtual office and only engaging in virtual relationships. I hope to be wrong, for the sake of humanity. I really hope as well that I won't be forced to work in an online office in the metaverse in my professional future.