Wizard with a Gun Announced

Wizard with a Gun is a co-op, sandbox survival game coming next year from publisher Devolver Digital and developer Galvanic Games. Both the title and what's shown in the Reveal Trailer suggest this may draw a little inspiration from Wizards, an animated film from 1977 by Ralph Bakshi, but there's no mention of this. Here's the elevator pitch:
Wizard with a Gun is an online cooperative sandbox survival game set in a magical wilderness wrought with dangerous creatures and arcane mysteries. Embark on a journey alone or with friends to collect, craft, and outfit your wizard however you see fit as you explore the unknown. Carefully design weapons, bullets, and furnishings for your tower home but try not to burn it all down as the magic you wield escalates beyond your control...