Commentary China’s technology giants are beginning to invest in the metaverse, and Beijing is readying its state-controlled censorship and regulatory gatekeepers. There’s no definitive description of the metaverse (sometimes referred to as Web3), but it’s a term loosely used to describe computer-generated virtual worlds where people can live, play, and interact with others. A more interactive, 3-D version of the internet. Software giants such as Facebook parent Meta Platforms and Microsoft as well as hardware developers such as Nvidia have been investing in the sector believing the metaverse as the next frontier in internet and gaming. In China, the arms race is just beginning. Morgan Stanley analysts believe the Chinese metaverse total addressable market to be $8 trillion, in a Feb. note to clients. That’s roughly the size of the same market in the United States.  Mobile game maker NetEase, social app maker ByteDance, and social-media and payments conglomerate Tencent …