Minecraft has been updated to version 2.31 today by Mojang. You can find out the complete patch notes for this update from here.
According to the official website, this update deals with fixing issues related to the owned content not appearing in the inventory. It has been deployed on all platforms including the PS4 and PS5. If you want to learn more about this update, check out the official website, or take a look at the patch notes below.
Minecraft Update 2.31 Patch Notes
A new Minecraft update is available to address issues with redeeming codes. We’re rolling this update out to each platform as they become available so if you haven’t received the update, it will release over the coming days. Multiplayer is still compatible with platforms running other non-beta versions of 1.17.
Fixes:
- Fixed an issue with owned content not appearing in the inventory after redeeming a retail code