It is indeed.
Burning Ice Games
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Momento Temporis: Arena is a match based local multiplayer PvP arena game with melee combat, magic casting, platforming and stamina management. It draws inspiration from traditional PvP arena games such as Unreal Tournament. There are multiple different characters to play as and a bunch of items to use to your advantage. The game also comes with a level editor!
The beta version can be downloaded for free here: