This is Beacon, a roguelike top-down shooter with a very interesting twist on death (and rebirth).
Diablo IV Druids, Do This ASAP To Unlock Some Powerful New Abilities
You’re expected to die in a roguelike, but Beacon is trying something neat:
When you inevitably die, the DNA of the enemies you’ve killed can be used to grant you different stats and potentially gameplay-altering physical mutations for your next run.
It’s coming soon for PC, Mac and Xbox One.