On October 18, Feitian Yundong, known as the "first stock in the Yuan Universe" of Hong Kong stocks, officially landed on the Hong Kong Stock Exchange. The opening price was HK$2.21 per share, which was the same as the issue price. The total market value was about HK$3.7 billion. 2.12 Hong Kong dollars. According to Jiemian News, Feitian Yundong mentioned "Metaverse" more than 300 times in its prospectus. It stated that the AR/VR content and service market belongs to the scenario application layer of the Metaverse ecosystem, and AR/VR is to achieve and empower The key application of the immersive experience of the Metaverse is the prerequisite and entry barrier for the development stage of the Metaverse. According to the Fund of Funds Research Center, as early as 2017, Shuimu Capital invested in Feitian Yundong. Shuimu Capital was the only institutional investor in the first round of financing of Feitian Yundong, and made an additional investment in Feitian Yundong in 2020 . The listing of Feitian Yundong has brought a return of more than 80 times on the early investment of Shuimu Capital.