Ever since Hidetaka Miyazaki confirmed that FromSoftware has a third unannounced project in development beyond Elden Ring and The Duskbloods, the gaming community has been buzzing with excitement and speculation. The revelation came during a June 14 interview where Miyazaki briefly mentioned the new IP, sending shockwaves through the Souls-like fanbase.
The most popular fan theory circulating on Reddit and social media is that the new project could be a pirate-themed souls-like. This speculation is fueled by several factors: Miyazaki's well-documented love for the "pirate fantasy" genre, the unique naval combat mechanics that FromSoftware has never fully explored, and the studio's pattern of alternating between fantasy and darker themes. A pirate setting would allow FromSoftware to reimagine their signature combat system with ship-to-ship battles, oceanic exploration, and island-based level design.
However, other sources close to the studio suggest the new IP could take a completely different direction. Some industry insiders speculate it might be a sci-fi horror title, drawing from the eerie cosmic horror elements glimpsed in Bloodborne's lore. Given FromSoftware's recent hiring push for "next-generation action RPG" development, the new title is almost certainly built on a new engine iteration.
With Elden Ring's Tarnished Edition still on track for a September 2026 Switch 2 launch, The Duskbloods entering beta testing this summer, and now a third mystery IP confirmed in early development, FromSoftware is juggling more projects simultaneously than ever before in its history. The studio has expanded significantly over the past two years, with new hiring across all departments to support this ambitious multi-project pipeline. Whatever the new IP turns out to be, the Souls community can rest assured that Miyazaki's creative vision continues to push boundaries.