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This song is amazing, it's like midieaval FTL. The game's good too.

What song actually is it?

It sounds like a chiptune remix of "Kobito of the Shining Needle ~ Little Princess" from Touhou 14.

Didn't even know this melody was reused for several different tracks in Touhou! Thanks for posting this.

It's a variant of Magical Power of the Mallet, composed by ZUN of Touhou fame.