i just loaded into the game today, and it seems to have fixed itself. the graphics are completely fine, and not buggy with all the colors all over the place anymore.
also, now that it’s fixed, i want to mention that the game does not say v1.0.1 in the corner. i was looking at SteamDB.info way before all of this started happening and it says there was an update on the 16th of February, which is when i believe v1.0.1 was supposed to be out.