Why the real metaverse is doomed to never appear.

Well, I'm open to criticism, but I want to discuss why the true metaverse never comes. Let's start with terminology. The Metaverse is a permanent virtual space in which people can interact with each other and with digital objects through their avatars using virtual reality technologies. Interaction can take place with the help of various technological devices, both with the help of traditional personal computers and with virtual and augmented reality headsets.
I also want to add some of my thoughts. The Metaverse shouldn't be dependent on any big company like Facebook or Microsoft, as that would bring it all down to business. It seems to me that the metaverse should be supplementable by ordinary users or other programmers, and for this you need some kind of standard library or utility for free development.