>>393555978
Social platforms stand and fall with the comunity.
Even the most fleshed out systems wouldn't have a chance against VRChat because people wouldn't migrate out of their free will.
This is for many the kick in the but to try out new things. All the while some people even create stuff and content on other platforms, which in turn again gets other people interested.

So no, they won't be a direct competitor right now, but if they manage to ride that wave and maybe even get mor money in the process, they could really be there in 1-2 years.