It's appropriately named "Monster Hunter Rise Demo Version 2" and adds a challenging "Advanced" quest where players can take on Magnamalo.
"Monster Hunter Rise - Demo Version 2 differs in some ways from the full game. Upon closing the software, all settings will be reset and only some data will remain. As this is a trial version, support will not be provided except for help with basic controls."
In addition to the new advanced quest, you'll also be able to enjoy the previous quests - the Great Izuchi (beginner) and Mizutsune (intermediate). Your quest count will also be reset to 30 turns.
If the existing demo is still installed on your Nintendo Switch, you should be able to update the application. The full game will arrive later this month on 26th March. Will you be taking on Magnamalo? Tell us in the comments down below.