Project Mugan Overview

Announcement and Initial Reception

• Announced over 9 months ago.
• Trailer received 720,000 views on PlayStation Channel; millions across major gaming channels.
• Covered by top influencers in the gacha genre.
• Main competition includes Genshin Impact, Weathering Waves, and possibly Azure Prelia.

Current Development Status

• Concerns arose due to absence from NetEase's 520 game conference on May 20, 2024.
• Despite speculation of abandonment, job listings confirm ongoing development.
  • Positions: 2D Special Effect Engineers and Senior Substance Designers.
• Likely experiencing delays due to project scale and staffing issues.

Speculations on Release Date

• Various news outlets speculate a late 2024 release without substantial evidence.
• Articles claim information based on official artwork shared on social media, but some claims are outdated.
• Inconsistent reports on the state of development and accuracy of release dates.

Financial Insights

• Investigation of NetEase’s quarterly financials showed no mention of Project Mugan for 2024.
• Lack of investment announcements raises questions about the game's timeline.

Developer Insights

• Last public comments from developers were in March 2024.
• Open/closed beta testing planned, but no updates on testing phases yet.
• Vague responses regarding the possibility of a 2024 release and mention of "uncontrollable factors" affecting scheduling.

Conclusion

• Project Mugan appears to be a larger project than initially expected.
• Developers are likely expanding the team to ensure quality and finalize the game.
• Despite challenges, the game has gathered over 5 million pre-registered players, indicating strong interest.
• Continued optimism for the game's future and potential improvements.