On Monday, Azealia Banks announced the upcoming release of her first full-length project since her 2014 debut album, Broke With Expensive Taste. "Okay guys !! so Fantasea Two the second wave is going to be released via @entertainmentone In March 2018," Banks wrote on Instagram. In a subsequent post, she shared a logo with the title of the project. The album is set to be release via independent label Entertainment One.
Banks released the eight-song project Slay-Z in 2016. The coming project is the sequel to her 2012 mixtape, Fantasea. At the end of December, the rapper shared a holiday-themed song that she said was part of a "full holiday project" she'd been working on.