Precursor Games seems to have been unsuccessful in securing a new line of funding for Shadow of the Eternals, and has officially shelved the project for now.
"It is with a heavy heart that we have decided to put the Shadow of the Eternals project on hold," chief creator officer Denis Dyack wrote in a Precursor Games forum post.
"Many of us will be taking a break. For those who are not aware, we all worked on this project as a labor of love and self financed 100% of everything for a over a year to try to make Shadow of the Eternals a reality. Although we did not succeed on doing this, we succeeded in making many friends and starting something that we hope provided value for those involved. We have no regrets."
Dyack said Precursor is "very happy" with what it accomplished, and "blown away" by community support for the project - which will make a return at some stage.
"Is the project dead? No, but we feel it needs a rest too. We have all agreed as a group that when and if the time is right we will get together and start it up again."
Some team members will remain active on the developer's forums.
Shadow of the Eternals was planned as a spiritual successor to Eternal Darkness; Sanity's Requiem, a cult classic from the Gamecube years. It was expected on PC and Wii U before its second crowdfunding campaign ended in failure.