I mean, New World was fairly good, but calling it peak when it was cancelled just smells of copium.
New World had two problems:
It took too long to farm all the way to end game content and take part in the social mechanics that the game had been created for (open world war was super fun, and being part of one of the three factions was super cool as well, we had real rivalries on my server)
They had no real understanding of how to actually monetize their game. It was originally supposed to be a one time purchase with cosmetics, but the cosmetics on the store all looked awful, and they completely ignored that a major part of MMOs is farming to look cool. The game basically died after they released a paid DLC (that cost more than the base game when it was released) that not only gated new content, but also removed content from the base game and made it dlc exclusive. First Light and Cutlass Keys were removed as areas from the base game, including an end game dungeon, and then made dlc exclusive. They also made the asinine decision of making mounts into dlc exclusive mechanic. This completely fractured the playerbase in two types of people: the ones who saw the writing on the wall, and the idiots who paid for the dlc.
Edit: formatting
I had some good 50+ hours of fun in Farever, it's an MMO lite type of game, nothing innovative, but very solid. I'm eagerly waiting for their next update.