Is it possible to downgrade a project? There seems to be some bugs in 5.3, will they be fixed?

If you are using a versioning system, yes. If not you may be out of luck.

Code is forwards and backwards compatible but the engine marks content like materials and especially blueprints with a version number which makes it so they cannot export to a previous version.

There could be a workaround but I’m not aware of it.

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