2023 Shanghai Blockchain International Week and Global Blockchain Summit hosted by Wanxiang Blockchain Lab, Wanxiang Blockchain Chairman Xiao Feng delivered a welcome speech, stating that the theme of this summit is "Next Stop, Web3", which includes blockchain, the internet, metaverse, AIGC, and not only technology but also innovative business models, organizational forms, economic mechanisms, and financial models.

Currently, blockchain is moving from infrastructure to large-scale application, and the next three years are a critical moment for the large-scale application of blockchain, because the technical framework of blockchain is gradually maturing, and performance improvement requires specific scenarios to bring about greater changes, and product polishing needs to be combined with demand.