The metaverse, along with its various Web 3.0 sub-domains, represents a ground-breaking extension of the physical and digital worlds. In this emerging landscape, real and virtual worlds are being integrated in ways that facilitate interaction and create immersive experiences. This transformation has significant implications for diverse fields, particularly in reshaping both online and traditional education methods. By analyzing 417 comprehensive white papers released in 2022 and 2023 from leading consulting firms and think tanks, and incorporating insights from canonical academic articles, the authors extract key information about how metaverse technologies are influencing education. This investigation unveils some of the key impacts of metaverse technologies on the educational landscape, thereby contributing to a more profound understanding of its transformative effects. The present study provides a holistic perspective on the advantages and disadvantages associated with metaverse edu