After years of anticipation and waiting, Gearbox Software finally unveiled Borderlands 3 today during its panel at PAX East 2019 from Boston.

Following an hour-long panel that saw Gearbox's CEO, Randy Pitchford, doing magic tricks, teasing the audience, and doing all sorts of other hijinks, the panel finally ended with the formal reveal of Borderlands 3. The reveal took the form of a trailer which featured many iconic Borderlands characters from previous games in addition to new ones. We even see some characters like Rhys from Telltale's Tales from the Borderlands.

Pitchford says that Gearbox has been working on Borderlands 3 for five years at this point and they are dedicated to making it the worthy successor that many have been begging for since Borderlands 2. The game's trailer shows off some of how Gearbox hopes to up the ante this time around by including over one billion guns and even weapons that can walk on their own two feet.

While it's surely nice to finally see Borderlands 3 officially unveiled, there are still many lingering questions about the project. For starters, platforms and a release window for the game have yet to be given, although it'll likely be out before the end of Take-Two's next fiscal year. Gearbox says it'll have more information to share about Borderlands 3 next month on April 3.

Below you can check out the official reveal trailer for Borderlands 3 along with some screenshots. We'll likely be learning a lot more about Borderlands 3 in the near future, so stay tuned.