As commented before, it's supposed to take place in a multiverse parallel to the "Continent" we know, with just a basic "tournament" storyline and a new atmosphere to it, and besides the little snippet in the pic above, no more info is known about it.
It's safe to assume the beautiful fighter in high heels and a mantle is the main char this time around.
Presumably, the text in the orange box is just recapping the already mentioned info, since it mentions it's being developed along with Rebellion's witch, Werbellia.
