Revenge of the Dreamers III includes contributions from Dreamville artists: leader J. Cole, Bas, Cozz, Omen, Lute, Ari Lennox, EarthGang, and JID.

The album features appearances from several artists including DaBaby, T.I, Young Nudy, Buddy, Reason, Maxo Kream, Ski Mask the Slump God, Mez, 6lack, Mereba, Vince Staples, Ty Dolla Sign, Dreezy, Smino, Saba, and Guapdad 4000, among others.

The album features production from a variety of record producers, including T-Minus, Christo, Elite, Bink!, Deputy, Henny Tha Bizness, Hollywood JB, ChaseTheMoney, Pyrex, Galimatias, Pluss, Kal Banx, and Cam O'bi, among others.

Recording sessions for Revenge of the Dreamers III took place in Atlanta, Georgia at Tree Sound Studios over the course of 10 days in January 2019.

[6][7] Revenge of the Dreamers III received positive reviews from critics and debuted atop the US Billboard 200, selling 115,000 album-equivalent units in its first week, earning Dreamville its first US number-one album.

The poster read: Your presence and participation is requested for the recording sessions of the upcoming compilation album Revenge of The Dreamers III.

'"[15] Deante' Hitchcock arrived on the fourth day, who wrote his verse for "PTSD" with Omen, Cam O'bi, Mereba, and St. Beauty.

Arsenio Archer made the beat for "Self Love" before arriving at the Dreamville sessions, as Najee Travis arranged for Ari Lennox and Baby Rose to be on the song.

[16][15] Bas recalls that "Costa Rica" was recorded around 5:00 A.M. with whoever was left in the studio, the song ended up becoming the most collaborated track on the album with nine artists.

He played it in a session with Smino, JID, Buddy, and Guapdad 4000 as all started working on the hook before Cole walked in the room and recorded his verse.

[15] "Wells Fargo" was recorded on the last day, with Buddy freestyling a verse and JID had a cadence for the hook, Guapdad 4000 says the song was created in "15 minutes or less".

[18] During the 2019 NBA All-Star Weekend in Charlotte, North Carolina, Dreamville held multiple events scheduled for the weekend, starting with an exclusive limited edition merchandise pop-up shop, a Dreamville brunch, and a private concert featuring the artists on the label taking place after the All Star game – which J. Cole was the halftime show performer.

[19][20][21] The entire Dreamville roster was featured on the cover of XXL magazine's spring 2019 issue, shot by photographer Jonathan Mannion.

Cole also posted a link to a pre-order page selling limited edition merchandise, including Revenge of the Dreamers III on vinyl.

[30] Free limited edition Revenge of the Dreamers III comics was released on July 27, 2019, in Chicago, New York City, Los Angeles, Charlotte, and Atlanta.

[31] Revenge of the Dreamers III: Director's Cut was released on January 16, 2020, including 12 songs featuring 8 Dreamville artists, as well as 6lack, Buddy, Smino, Saba, Dreezy, Childish Major, Guapdad 4000, Mez, and more.

[44] On August 26, Dreamville released the music video for "Sleep Deprived" featuring Lute, Omen, Mez and DaVionne, and was shot in one-take in Harlem.

[45] On September 16, the music video for "Under the Sun" was released with Cole, Lute, and DaBaby, directed by Scott Lazer, Aisultan Seitov, David Peters, and Chad Tennies.

[51] Sheldon Pearce of Pitchfork called the album a "successful meeting of the minds", he wrote: "the comp works because it never feels forced or closed off to ideas.

He continued saying: "ROTD3 sports keepers for a wide range of Hip Hop listeners, further proof that Young Simba has grown into the Mufasa of this rap shit.

"[56] Aaron Williams of Uproxx said, "if there's any complaint to be had, it's a most unusual one after critics and fans alike spent much of 2018 begging for mercy from rappers who kept releasing long projects.

"[62] Writing for HotNewHipHop, Mitch Findlay said, "Given everything that went into crafting this third chapter of the Dreamville saga, it's difficult to deny the magnificent aura surrounding it.

Revenge of the Dreamers III points out the obvious: the complete takeover of DaBaby, the undeniable powerhouse that is JID, and the melodious and irresistibly genuine Ari Lennox.

[77] On July 30, 2019, Revenge of the Dreamers III was certified Gold by the Recording Industry Association of America (RIAA) for sales of over 500,000 album-equivalent units in the US.