We're going to have our next big video game showcase two weeks from now. Gamescom 2022 will see Microsoft and Ubisoft, among several others, make their appearance at this year's first large in-person gaming exhibition. According to Krafton, Unknown Worlds will be at Gamescom 2022 to present a completely different IP after confirming Subnautica 3 earlier this year.
According to Opening Night Live host, Geoff Keighley, Unknown Worlds' "new sci-fi IP" will join the Gamescom 2022 live showcase. In addition to the game itself, the game's director, Charlie Cleveland, who was also behind both Subnautica games, will be on stage to introduce the unannounced project and show "lots of gameplay."
From this, we can tell two things: Subnautica 3 is still ways away and Unknown Worlds' new IP isn't.