yeah, the metaverse got abandoned. Also: Meta was the only one to try the concept for the past X-umpteen years even though everyone in the industry ga-gas over virtual reality worlds and workplaces at every opportunity. It's literally Meta and Linden Labs (which has been on life support for 10+ years.)
The alternative is : no one does it and nothing gets abandoned, which the industry has shown itself to be exceedingly good at w.r.t VR for the past 40+ years.
To be clear: I have no faith in meta as a company; my problem lies in kicking an entity because they attempted something different.. I don't think that's productive, and it produces stuff like the past AI winters because groups get afraid of touching experimental concepts ever again lest they incur the wrath of the shareholder.