Love the new direction in art style, color palette and the third person camera.
The game art direction reminds me Sea of Thieves, which for me is one of the best looking games in development with Unreal. (Now if only they made a single player RPG at this setting…)
Any single player options for your game?
Regarding the ocean did you use only material shaders and blueprints and replicating variables or anything more complicated with cpp?
Anyway good luck with your project, looks really good:)