According to Web3Going Great:
Neopets shuts down its Neopets Metaverse project. Featuring cute Neopets with plushie bodies, sad expressions and squid hats and scarfs, the game had two NFT collections and two crypto tokens.
The company announced they will be transitioning away from the Metaverse game and using acquired money to development of a version that better reflects core values and vision. The company had raised $4 million before undergoing a major change in leadership.
A spokesperson (e.g., Mouth of Sauron) reassured their community that its new project, World of Neopets, will be better without tokens and crypto.