“Were a month into Season Two and with Reapers vs. the World well underway, theres lots to be getting on with as you earn more Renown and work towards the remaining rewards. In the meantime, the team have been hard at work on new Pirate Emporium treasures and further fixes to improve the Sea of Thieves experience!”
Source: N4G PC Sea of Thieves Patch Notes – 2.1.1 Update Released