1. Not 1 but 2-3 companies making competitive metaverses for diversity in their offerings e.g. Epic Games, Hello Games
2. Feels a bit early from a hardware/graphics pov. Need atleast 10-50x lower power-to-efficiency on compute.
3. Need both persistence and concurrency to occur at the same instant for atleast 1b+ people (also tech capability to hook in 1b+ people).
4. Need real world integration with retail, real estate (home & office), transportation, schools/universities (& pizza delivery ofcourse) for a seamless blend into real world experience. E.g. apartments pre-built with non-headset related immersive/functional experiences, apartment OS with home/building AI.
5. Would need re-orienting the cloud led model to pushing clever ai, massive on device processing for real time, low latency UX.
6. Secure, standard low latency networking across currently fragmented routing hardware & networking services market (e.g. pre configured BGP routers, specialized IX and even optimized wireless routers)
7. Secure transactional capabilities with peer to peer resiliency in absence of single clearing house
8. Digital rights and digital ownership and protection of assets (which could be upheld by an assembly or independent council of regulators, Original Experience Manufacturers (OEMs), etc)
9. hackable editors and tools to code/build and community contributed world assets and functions. E.g. more user friendly version of Godot or Unreal engine.
The web would also benefit from such a system, but it's maybe less critical for the web, since most websites only contain information that is broadcast to users, and the users can't manipulate the state of the server or interact with other visitors.
2. See (1)