It will not affect the majority of users out there. But for those who are still clinging to their Daydream VR headsets, you'll have to know that Google is no longer supporting its software. You can still access the service and use the headset and controller to view VR content, but the device will no longer get software or security updates.
Even the Daydream app will not work correctly on devices running Android 11 or later. Those third-party apps and experiences within Daydream can still exist as standalone apps in the Google Play Store. But we aren't expecting developers to work on new apps, especially without Google updating the device and its software. The Daydream VR will just be a nostalgic souvenir for those who want to keep the headset around.