UPDATE: Update 1.4.0 is available now, meaning that all the content mentioned below is now available in the game. If the update does not download automatically, press “+” on the game icon from your Switch menu and pick “software update”, then “Via the Internet”.
Upon starting up the game, you’ll find two letters in your inbox with attachments–one from Nintendo with a fireworks-show wall, and one from Luna with Luna’s Bed. This is the bed you’ll be able to access dreams from.
The original story follows.
The second summer update for Animal Crossing: New Horizons is launching this week, bringing with it a new festive fireworks event during August, the ability to visit other islands through dreams, and some limited but welcome save backup support.
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Source: Game Spot Mashup