Granblue Fantasy Versus: Rising is a 2D fighting game developed by Arc System Works and published by Cygames. It is a sequel to Granblue Fantasy Versus, and was released worldwide on December 14, 2023, for PlayStation 4, PlayStation 5, and Windows.

Granblue Fantasy Versus: Rising introduces new mechanics to the game, including new Dash Attacks and an updated Auto Combo (now named as Triple Attack).

The netcode has been updated to include rollback and crossplay.

Rising also features lobby-based minigames, called "Grand Bruise Legends!", based on Granblue Fantasy's ongoing webcomic series, Grand Blues!, such as "Rising Royale" and "Gold Brick Hoarder".

All characters from the first game return. Additionally the base roster includes four new characters, with the DLC roster currently consists of seven characters, and Lunalu serves as a primary random slot.

Some of these new characters were originally winners of 2022 additional character polls who were meant to be DLC in the first game. The first season consists of six characters, and one of them initially starts out as a non-playable main antagonist of the base game's storyline, while another being an original character who is created for this game. Granblue Fantasy Versus: Rising also marks the first time an Arc System Works-developed game features third-party guest characters, followed by Guilty Gear Strive.

Game director Tetsuya Fukuhara expressed a desire for a sequel to be produced. It was uncertain on whether the first Versus will get a PlayStation 5 upgrade with minor updates, but ultimately it was decided to direct a sequel, which was later announced at GBVS Cygames Cup Special in January 2023, which was expected to be released in the same year. Originally scheduled to be released on November 30, 2023, the game's launch date was pushed back to December 14 for additional fine-tuning.

DLC fighters are included in season passes: