Upcoming features

1.4.1.2
1.4.1.2 will be the final update of Terraria. The content of the update and its release date are currently unknown.

Terraria series
Redigit stated that he plans to later release Terraria 2, a separate game from the cancelled Terraria: Otherworld, although little information is known about the nature or content in the possible upcoming sequel at this time.