The One UI 4.1 upgrade with the March security patch is beginning to roll out to the Galaxy Z Flip3 and Galaxy Z Fold3, however it is currently confined to Europe and South Korea.
In South Korea, the firmware version is F711NKSU2CVC5, but in Europe, the firmware version is F711BXXU2CVC5. Meanwhile, the Galaxy Z Fold3 is now only receiving One UI 4.1 in Europe, with software version F926NKSU1CVC5 (via SamMobile).
The One UI 4.1 upgrade includes a variety of camera improvements, including night portrait functions, pet identification, lighting position altering functions, and an enhanced Director's View. Telephoto portrait video is also available, but only on the Galaxy Z Fold3.
Google Duo integration, upgrades to Samsung Health, Gallery, Keyboard, and Calendar, and more are also included.
As previously said, the March 2022 security patch is also included, which has previously been been provided for certain Galaxy phones, notably flagships.
The upgrade is presently only available in South Korea and Europe, but if it is bug-free, we should see a broader release very soon. If you're impatient, you can manually check for the update by going to the Settings app, accessing the About Phone section, and pressing on Software Update.