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(+1)

I updated through the Itch launcher and now hitting launch just opens the game folder and I'm not sure what item to click on in the folder that would launch it from there.

Not sure I understand it correctly as I haven't heard of the Itch Launcher yet. If you are in the game folder, you will have to click the Gomamon Trainer named application. Should show a Gomamon pixel symbol too I think. I hope this helps.

(+1)

You can see it if you go to itch.io/app 

This is what the inside of the folder looks like.

Same here (¯▿¯;)