Meta made several announcements at Meta Connect 2022 for products and partnerships that will help to enable the next-generation of Web3 virtual environments. Meta's announcements were well-aligned with Analysys Mason's metaverse framework, but there were notable absences in areas where communications service providers (CSPs) can take the lead. We took away four key points from Meta Connect 2022 Meta Connect 2022 was fundamentally different to last year's event; Meta focused on establishing its credibility with real-world products and revenue streams and clear market segmentation. It will still be a long time until the metaverse becomes as commonplace as other Meta apps such as Facebook, Instagram and WhatsApp, despite the progress shown at Meta Connect. However, momentum is building and we expect that the metaverse or equivalent technologies and 'worlds' will become mainstream in the long term (though not within the next 2–3 years).