Upcoming features

1.4.1.2
1.4.1.2 will be the final update of Terraria. Although originally announced to be released one week after 1.4.1.1, on October 21, it has not been released yet. The content of the update is 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.