Valve is working on a new project codenamed "Tf" according to rumors circulating online.
As reported by known Valve leaker Tyler McVicker, a new "Tf" codename was discovered in the latest Deadlock update, similar to how the HLX, rumored to be Half-Life 3, was discovered. This codenamed project isn't a leftover from Deadlock or any other project, as its inclusion in the Source 2 engine, which powers every game from Valve, means that there is a preset inside the engine with development tools that can be used by a team to make content for it. This is, according to the leaker, a standard procedure for every game developed in the Source 2 engine, as a differentiation of sorts is needed to indicate different projects and development tools.
As for what this new Valve project could be, no one can say. Though the codename seems to suggest some relation with Team Fortress, Tyler McVickers believes it is not a port of Team Fortress 2 to the Source 2 engine. Going by the timeline and the fact that the project is more recent than Deadlock and Counter-Strike 2, it's very possible that the project is currently in the same state as the earliest Deadlock footage available online, so it will take some time to learn more about it.
While the project codenamed "Tf" is likely not getting revealed anytime soon, there's a good chance that the Valve project codenamed HLX will be revealed and released this year. According to Tyler McVicker, this project, rumored to be Half-Life 3, is being widely playtested ahead of a possible summer reveal and winter release. The game is reportedly also playable from beginning to end, so chances are high that, even if the game is not really Half-Life 3, the series will return after the successful VR game Half-Life Alyx.
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