Honestly I would describe it as Ark-lite. It has base building/taming and that’s pretty fun, and you can also get random encounters at your base. The leveling system is a bit grindy. There are dungeons and bosses in the world to go find and explore. The map is huge, I think I’ve hardly explored a tenth of it.
Been playing about 15 hours or so and enjoyed it, but the game is definitely early access. I’ve had a number of crashes, fell through the world a few times, etc. I’d give it a month or two if that bothers you.