A HoYoverse project called Project R might be under development

Fans speculate the new Project R is the unfinished Project SH from last year

Project SH was rumored to be a second-dimensional open-world TPS game led by HoYoverse CEO Cai Haoyu

The developers have applied for the trademark R which according to some netizens, the R in R-Project may refer to hot-blooded.