Following the demise of Flagship Studios, those responsible for the studio’s Mythos, a free-to-play MMORPG, have formed a new development company called Runic Games.

According to their press release, the team “intends to continue to use their expertise in the action-RPG MMO genre to create the best games in the market.” While no games were mentioned, more details are expected soon.

The Runic Games team features numerous industry veterans, including Travis Baldree, the creator of Fate and project director for Mythos, and Max Schaefer, co-founder of Blizzard North and Mythos executive producer.