The newly announced Shenmue 3 now holds the Guinness World Record for the fastest video game to raise $1 million in contributions on a crowdfunding platform. Ys Net’s role-playing game raised $1 million in 1 hour 42 minutes, breaking the previous record of 6 hours 5 minutes set by Torment: Tides of Numenera in 2013.

Shenmue 3 is now the second fastest Kickstarter project overall to the Pebble Watch’s record of 46 minutes to raise US$1 million in February.

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Sony showcased Shenmue 3 and revealed the game's crowdfunding campaign earlier this week during its E3 press conference. The project was successfully funded on Kickstarter, smashing through its US $2 million target less than nine hours after the campaign went live.

Sony is officially contributing to the development of Shenmue 3 following the positive response to its fundraising campaign, which currently sits at more than $3 million.

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Jenna Pitcher is a freelance journalist writing for IGN. You can follow her on Twitter