Gearbox Software has announced it is working on Borderlands 3. The game was announced during PAX East and releases later this year.

Borderlands 3 is the latest installment in the franchise. The first trailer shows that this new entry will feature the same art style as the previous games.

The trailer also shows the four new playable Vault Hunters and includes various characters from previous games, including Lilith, Brick, Mordecai, Zer0, Tiny Tina, Sir Hammerlock, and Claptrap.

Borderlands 3 is expected to release for PC, Xbox One and PlayStation 4.