Phoenix Labs, a new independent game studio, announced Dauntless today at The Gaming Awards as a free to play RPG.
Phoenix Labs is a team of developers comprised of industry veterans from studios including BioWare, Riot Games, etc. and Capcom.
Dauntless is a co-op, action RPG coming to PC in 2017.
Discover a shattered world, forge powerful weapons, and hunt the ferocious behemoths threatening our survival. -PlayDauntless
Those are some cool weapons.