The trailer gives us very little information on what Project Awakening is, but what we do know is that the Japanese publisher has assembled a team of experienced video game developers to create this high fantasy action RPG. Cygames has listed Junji Tago (Metal Gear Solid V: The Phantom Pain) as director and Ryosuke Aiba (Chrono Cross, Final Fantasy VII: Dirge of Cerberus) as the art director.
https://www.gamespace.com/all-articles/news/teaser-trailer-drops-for-project-awakening/