It's still under active development, newest information update from the dev was today. Still expecting the v3 build to come out within a few months maybe or by the end of the year. It's just one guy doing the game and he doesn't make a ton of money from it so it's really just a cool hobby.
You can't beat the game right now, eventually the game is going to be mostly just about exploring the world, I'm not sure there even will be a main campaign questline sort of thing, but the portion of the game available at the moment isn't all of it. Future versions are going to be adding more content to the region that is already available as well as adding many more entirely new regions.
Current development is mostly being done on engine stuff, which is a pretty common thing you find with these small indie patreon game. Hopefully the v3 rework of the base engine will satisfy the dev and he will focus on adding events/story/content afterwards. He's said he will but only time will really tell.