Blizzard is currently hard at work on several major games. The two biggest are obviously Diablo 4 and Overwatch 2, but work continues on World of Warcraft as well as smaller titles like Diablo Immortal, too. But Blizzard is a large enough studio that it can manage all of these major projects while also working on something secret, too. That appears to be the case, as a recently published Blizzard job listing confirms that an unannounced "AAA multiplayer" project is currently in development.
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