The Shroud of the Avatar team has sent notice that the final wipe of persistent player data will be handled prior to the release of Update 32. From that point forward, the world will become a persistent place, though it is not to be confused with the game's final release.
We will continue to be working to finish the game’s content well past final player data wipe, and while we remain in Early Access. Until then, the game is neither “launched” nor complete. Launch will be when we pull the game out of Early Access and we start marketing / public relation campaigns. We have no plans to do those things in July. We know that this plan has generated a lot of questions, but we firmly believe this is the best possible course of action for the project.
Read the full notice on the Shroud of the Avatar KickStarter page.