Overview
A light patch when it comes to gameplay, but this patch lays the groundwork for the future of VALORANT by upgrading the game to Unreal Engine 5. There aren't a lot of details on what doors this will open in the future, but the underlying message from Riot is that it will lead to a lot of new stuff in the future. You can watch a small explainer video from Marcus Reid, VALORANT Tech Lead, here.
To commemorate this, Riot has added "Hot New Engine" gun buddies to your accounts.
Minimum system requirements have been updated and can be found here.
A full list of bug fixes can be found on their official patch notes here.