Former Diablo and Diablo II developers are creating a new low-budget action RPG with the ambition to redefine the genre. Given the success of the original Diablo games, this new ARPG, developed by veterans of both titles, has high potential.

Moon Beast Productions, an independent studio founded by Phil Shenk, Peter Hu, and Erich Schaefer, secured $4.5 million in funding to develop an ARPG that aims to "transcend conventional design patterns." This team of Diablo 1 and 2 veterans seeks to revolutionize the hack-and-slash genre, creating a more open and dynamic experience after over two decades of industry experience. Their goal is to recapture the essence of the early Diablo games.

While details about the game remain scarce, the involvement of such experienced developers suggests a strong possibility of creating a top-tier action RPG. However, breaking into a competitive market saturated with high-quality ARPGs will be challenging. The recent success of Diablo IV's "Vessel of Hatred" expansion, along with the game's massive fanbase, presents significant competition.

The challenge is further amplified by the presence of other popular titles like Path of Exile 2, which recently achieved remarkable success on Steam, boasting a peak player count exceeding 538,000—ranking among the platform's top 15 highest peak player counts.