Actually, it is not totally free. The basics are but to use the new Ai masking and some other features there is a charge to your Canva account that you create in the process. The free portion is equally as feature rich as v2 and then some, so the choice is yours. The irony is that I already have a Canva Pro account for other features I used in marketing so Affinity was simply added making it more valuable. I haven't downloaded it yet as had other priorities. Affinity is part of my 2 softwares to dump Adobe as affinity can substitute for Photoshop with similar pixel management/replacement and true layers. For Lightroom and its DAM and pixel manipulation (not replacement) debating between On 1 and Capture One.
In October, I did renew Adobe's Photoshop/Lightroom "Photographer's Package" for the year. However, while I knew of the pricing shift away from monthly, I was in shock when I saw the details. They essentially flattened the Photographer's Package delinking Lightroom and Photoshop where now the similar price is Lightroom only with some other useless features like cloud storage, team sharing, etc. If you want Photoshop, that's an add-on. Thankfully grandfathered for the original Plan that no longer exists and just pay annually, BUT 1) no assurance how it will be next year at renewal if even offered, and 2) held hostage? if leave not able to return to the plan that no longer exist and have to adopt the significantly ($250 vs $120) more expensive plan with add-on. Now getting serious investigating and developing alternatives into the workflow.