DualShockers recently had a chance to interview Borderlands 3 lead writers Danny Homan and Sam Winkler. According to Homan, Borderlands 3 may be considered the final game in the current story of Borderlands, but that "there is always room for more story in Borderlands", and "[Borderlands 3] definitely isn't the end of Borderlands in any way".
It is clear that the future of Borderlands is depending on sales of Borderlands 3, and 2K Games' expectations for stellar sales are high.
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