In the "2023 Hong Kong Web3 Carnival", Xiao Feng, Chairman of Wanxiang Blockchain and Chairman of HashKey Group, will deliver a keynote speech at the theme event "Tokenized Future" from 16:55 to 17:15 on April 15 "Three-Token Model for Web3 Applications". "Web3 New Economy and Tokenization" will also be released at the theme event of "The Future of Tokenization". This white paper will start from the underlying logic and evolution trend of Web3, discuss the prospect that all values can be tokenized, and discuss the Issues such as monetary policy and mechanism design involved in monetary economics. "Web3 Festival" (Web3 Festival) is a Web3 event brand jointly launched by Wanxiang Blockchain Lab and HashKey Group, and hosted by W3ME. This year's "Web3 Carnival" will last from April 12 to April 15, and will focus on the core issues of various Web3 tracks such as regulatory policies, Web3 infrastructure, and Metaverse.