Dr. Xiao Feng believes that Web3 is about to usher in its "1995 moment" and comprehensively analyzed the basic framework and timing of this moment. He proposed three eras of human accounting, from clay tablet single-entry accounting to double-entry accounting to blockchain technology. Each change is accompanied by an upgrade of the economic system. Dr. Xiao Feng also discussed the value laws of the Web3 new economy, including borderless economy, high fixed costs and low marginal costs, and the tokenization form of value. He further elaborated on the concepts of digital currency and digital assets, and their role in the new Web3 economy. In addition, Dr. Xiao Feng also discussed individual empowerment and organizational restructuring, as well as the construction of global financial infrastructure 2.0. Finally, he summarized the positive impact of the Web3 new economy on the future global economy.