"Monado" has no specific meaning and is just a name.

As a Xenoblade fan, I call BS.

But I do expect we'll see more open source VR solutions and support as adoption increases. They're still in that phase of expensive luxury goods in most cases - PSVR costs more than a PS5 and also requires one to work, Index is $1000, and I don't even know where the Apple headset got its pricing.

Most of these also want to lock down their VR as a platform, instead of being ubiquitous hardware like a monitor, and I think lack of standardization is gonna hurt them in the long run by narrowing their audience.