Fatal Frame: Maiden of Black Water is a horror-adventure game that marks the series' debut on Xbox Series X|S, celebrating its 20th anniversary. Set on the eerie Mt. Hikami, players assume the roles of three distinct protagonists—Yuri Kozukata, Miu Hinasaki, and Ren Hojo—who delve into the mountain's dark history. The narrative intertwines their fates as they confront the malevolent spirits that haunt the area, revealing a rich tapestry of chilling lore and supernatural occurrences.

Gameplay revolves around the innovative Camera Obscura, a tool that captures and repels vengeful ghosts while unveiling hidden mysteries. Each mission introduces a new character, enhancing the storytelling experience. The game features improved graphics, new outfits, a Snap Mode for creative photography, an updated Ghost List, and refined controls, making it an engaging and visually captivating experience for both new players and series veterans.