NeosVR virtual reality project jettisons its crypto component after a team blow-up
NeosVR, a virtual reality project originally released in 2018, introduced "Neos Credits" (NCR) in 2018 with the idea that it could enable in-game transactions. The crypto component was primarily managed by Karel Hulec, one of the project's team members. After cryptocurrencies and metaverse projects experienced a boom in 2021, crypto enthusiasts flooded into the project and drove up the value of the token. Some project members described the influx of people from the crypto community as having a strongly negative effect on the community, with one person writing they brought "all of its true slur-lovin' pepe-wearing glory to Neos". After some discontent within the team about the crypto side of operations, members of the team traded public statements with allegations about other members. On March 4, after Hulec released an updated whitepaper fraudulently (but perhaps mistakenly) "signed" by the rest of the team, the project creator and developer announced a proposal to allow Hulec to operate the cryptocurrency "on top of our work, but as a 3rd party solution, under a company solely under his ownership and direction", and for the primary team to cease involvement with the crypto component of the project.