This is basic metallurgy that every metal forger and alloy designer is already aware of.
There’s some precedent for mechanical deformation to get nanocrystalline grain structure, and some precedent for mechanically induced phase transformations (see TrIP steels) but I consider both of those concepts pretty advanced
TrIP is probably the closest thing, but I’m not sure how widely known there are among the “metal forging” community? TrIP is usually targeting well known phase transformations to two-phase microstructures, here we have three nanostructured phases.
Finally high entropy alloys are absolutely not well understood, even if the idea of mixing a lot of elements and getting a disordered solution seems simple on its face.