Is Bungie's new IP, Matter, releasing in 2025? Xbox seems to think so

Bungie has grown itself into a studio that's capable of handling more than a single game. As the developer continues to pump out content for Destiny 2, there's no end in sight for when support for the long-running loot shooter is going to end - even if The Final Shape expansion sounds like the end of the road for major content.

As work on Destiny 2 continues, an off-shoot team (made up of many former Destiny developers) has been working on Marathon, an extraction shooter that carries the name of a classic Bungie game. Marathon was just announced in May, and the developer said it would be going dark for a long while, and re-emerge later to talk specifics.

But if you've been keeping up with Bungie, you may be familiar with another mysterious new project it has in the works: Matter. Bungie trademarked Matter back in 2018, and the studio has been dropping very brief hints about the nature of the project, referring to it as a "whimsical" loot game in job ads.