Destiny Of Spirits was announced by Sony just before the E3 press conference in 2013. There wasn’t much detail given except it would be a free to play title. Well now a North American release date has been given as March 25th, with the company saying other regions will get Destiny Of Spirits around the same time period.
The essentially has you collecting spirits and then using them to battle various bosses. Destiny Of Spirits is said to be better with friends around the world as each region will have different monsters for you to collect. The more your spirits battle the more points are rewarded to upgrade their abilities. There was a beta back in October which has led to some changes including decreased loading times, sped up gameplay, more spirit slots, and more buying power for those spirit points.
Source: PS Blog