As a result of discussions concerning the game's future between NHN Japan and Gamepot, staff members from Multiterm founded FenixSoft, which took over production of "Fantasy Earth" from NHN Japan. The game production and development was restructured; Square Enix maintained oversight of the game as supervisor and the original rights holder, Gamepot publishing and operator, and FenixSoft–later renamed SoftGear–handled actual game development. While some of the original staff remained, several new staff came on board to replace members who remained with NHN Japan. On March 30, 2012, a major update dubbed "Chronicles" was released for the game, featuring some gameplay adjustments, added environmental effects, and new characters with associated narratives. For the update, new battle themes were introduced. The themes were composed by Ryo Yamazaki, Hidenori Iwasaki and Tsuyoshi Sekito. In November 2015, Gamepot transferred all operations back to Square Enix. Between 2018 and 2020, production responsibilities were handed to Ocean Frontier.