Thanks to NULLRAD on the PunjiVR Discord for alerting me of the issue!
One of the recent updates changed the installation folder for PunjiVR to a generic/placeholder 'content' name. I'm not sure what caused it, but it's fixed now.
Other games you install on Steam might also use 'content' for their installation folder, so to prevent any file conflicts, make sure to uninstall then reinstall PunjiVR to ensure the change goes into effect.
The next update is still in progress and should be ready for release sometime next month. It includes a lot of bug fixes, quality of life improvements, and a new weapon variant.
If you find any bugs or have any suggestions, don't hesitate to let me know by reaching out in the comments of this post, through the Steam forums, or in the Discord at the start of this announcement.
That's all for now. Thank you all for your continued support!