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source:https://wccftech.com/cyberpunk-2077-hd-reworked-project-to-launch-on-march-12th-creator-promises-no-performance-loss/

The game is receiving something called the "Ray Tracing Overdrive update". This will add some new RT effects. The changes are mentioned in the article I posted, I'll put them here for the sake of convenience:

- NVIDIA RTX Direct Illumination (RTXDI) gives each neon sign, street lamp, car headlight, LED billboard, and TV accurate ray-traced lighting and shadows, bathing objects, walls, passing cars, and pedestrians in accurate coloured lighting

- Ray-traced indirect lighting and reflections now bounce multiple times, compared to the previous solution’s single bounce. The result is even more accurate, realistic, and immersive global illumination, reflections, and self-reflections

- Ray-traced reflections are now rendered at full resolution, further improving their quality

- Improved, more physically-based lighting removes the need for any other occlusion techniques

Halk Hogan set a release date for his graphics mod. The date is set for March 12th. He said the graphics mod won't affect performance, as long as your GPU has unused VRAM.