Revealed today in the video above, Project Loki is the codename for a team-based competitive PvP "hero battleground" from startup studio Theorycraft Games, which was formed by developers with MOBA, hero shooter, and battle royale experience from the likes of Riot, Bungie, Respawn, and Blizzard.
"In a session of Loki, players will assemble a squad of heroes; outplay other teams in sprawling, free-flowing battles; run the edge of a huge world in the sky; and dream up crazy strategies in a massive combat sandbox," said Theorycraft in a press release.
