This article was submitted by a Guest Contributor. In Part I of this article, we explored what the metaverse is, and why today’s tech giants Meta and Microsoft are competing to be the leaders in the space. These companies emerged as one of the biggest winners of the Web 2.0 era of the internet, which was built on a foundation of siloed and centralised services. Chris Dixon argues in a widely-shared Twitter thread, “Why Web3 matters”, that as centralised platforms grow dominant, the “easiest way to continue growing lies in extracting data from users and competing with complements over audiences and profits.” Web3 is important because it returns ownership of the internet to builders and users, powered by internet-native tokens. Now, if this seems vague, let’s look at one industry where Web3 startups are aiming to disrupt: gaming. Web3 startups want to fix today’s gaming landscape...