Dauntless takes place in a fantasy setting, where a cataclysmic event has torn the world apart, releasing monster-like creatures known as Behemoths that prey on the surviving humans. Players take on the role of Slayers to take down Behemoths, collecting loot that they use to craft and upgrade weapons and equipment as to take down larger and more powerful Behemoths. While hunting, the game plays as a third-person action game; the player uses a combo system to attack the creature, while monitoring their own health and stamina gauge. Such hunts can take upwards of twenty minutes of in-game time to complete. The game can be played both as single-player or cooperatively with up to four people.