This article reviews the basic theoretical aspects of octagraphene, an one-atom-thick allotrope of carbon, with unusual two-dimensional (2D) Fermi nesting, hoping to contribute to the new family of quantum materials. Octagraphene has an almost strongest sp
2 hybrid bond similar to graphene, and has the similar electronic band structure as iron-based superconductors, which makes it possible to realize high-temperature superconductivity. We have compared various possible mechanisms of superconductivity, including the unconventional s
± superconductivity based on spin fluctuation and conventional superconductivity based on electron-phonon coupling. Theoretical studies have shown that octagraphene has relatively high structural stability. Although many 2D carbon materials with C
4 carbon ring and C
8 carbon ring structures have been reported, it is still challenging to realize the octagraphene with pure square-octagon structure experimentally. This material holds hope to realize new 2D high-temperature superconductivity.