Blizzard is working on a new IP for PC and consoles

Having said that, the reveal is a cause for celebration as well. Blizzard hasn't released a new game in a long time. After delaying most of its upcoming games multiple times and reports of toxic workplace culture, Blizzard needed a win regardless of how small it was. By confirming that it is working on a new project, Blizzard reassured fans that the studio is still planning.

Even if Blizzard's new game is still years away, this hasn't stopped fans from speculating what it could be like. One of the more prominent theories is that the survival title would use Blizzard's signature art style and blend it with traditional survival elements from games such as Valheim, if not Minecraft.

Ultimately, only Blizzard knows what its newest IP is going to be like and when it's going to be released. For now, all fans can do is rejoice for one of the few good pieces of news that has come out from Blizzard in recent months. Coincidentally, Blizzard's latest statement comes on the heels of the Microsoft acquisition. Seeing as current Activision Blizzard CEO Bobby Kotick is expected to step down once the deal is finalized, Blizzard's survival game should be the company's first project while under the new management.

Here's to hoping that Microsoft can help correct Blizzard's course and lead the prestigious company to a brighter and better future.