Virtual spaces for work already exist and (almost) nobody uses them, so I don't know what a different name for the same thing is expected to accomplish.
Nobody uses them because they are clunky and unnatural. The leap of faith is that soon the technology will make these things seamless and natural. Only then will virtual spaces take off in a meaningful way.
Here's a wild idea, meet in person.
What if they're in different cities?
There's plenty of companies that are distributed across countries. On my team I have teammates in Macedonia, Costa Rica, USA, and Germany. Even without Covid restrictions, that's going to be expensive and time consuming for us to meet in person.
Then you know it will be worthwhile
Linux was built using a distributed team without the metaverse. It seems like we’re doing just fine?