Its home studio is taking its time to address the topic, but there's a distinct chance that Project Re Fantasy will release in 2022. At the end of last year, JRPG giant Atlus discussed plans to release a «pillar game» in 2022, and since Project Re Fantasy has been in the works for five years now, some believe that it'll be the foretold game. Atlus' Studio Zero division hasn't revealed much about the game, aside from some concept trailers featuring a contemplative narrator and real people in costumes, but with major talent from the Persona franchise working on Project Re Fantasy, it seems likely that the fantasy RPG will take notes from Atlus' star franchises.
Studio Zero hasn't even made the protagonist of Project Re Fantasy clear as of now, but it's possible that the game will imitate Persona and Shin Megami Tensei's style of protagonist design. Both of these franchises tend to prefer silent, non-custom protagonists who stand out from their team by wielding an extraordinary amount of power. Project Re Fantasy could find a new angle on those core concepts, thanks to its medieval fantasy setting, but it should also feel free to break from those traditions by creating a different style of protagonist.
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As a general rule, Atlus prefers protagonists who are mostly silent. Some characters in Persona and Shin Megami Tensei have concrete character moments shown more by their actions by their words, like Joker's display of confidence in Persona 5's opening, but they trend towards being blank slates that the player can imprint on. Project Re Fantasy could definitely benefit from borrowing Persona and SMT's silent protagonists. Studio Zero might have an easier time introducing
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