Does Arc Raiders Actually Have a Storyline?

As a multiplayer PvPvE game first and foremost, it doesn’t seem like ARC Raiders would have much of a story. On its surface, the story of ARC Raiders seems to serve more as a backdrop for why players are hunting for ARC and fighting other raiders. However, the depth of ARC Raiders‘ lore shows that it has a much more impactful narrative than what meets the eye upon first entering Speranza.