Redis has released version 8.2, which returns to being free and open-source software (FOSS) under the GNU AGPL license, featuring significant performance enhancements. Meanwhile, the older FOSS version 7.2 is approaching its end of life, prompting users to consider migration to either Redis 8.2 or the forked Valkey project. Redis 8.2 boasts improvements such as faster command execution and reduced memory usage.