First off, this is pretty much a distinction without a difference, but this is still Season 1. It's in two parts, Part 2 just dropped. Season 2 was confirmed by Netflix, and will be 20 episodes, just like Season 1 (and will likely also be in two parts, which kind of annoys me).
Second...Spoiler: stupid theoryI think the castle of Dreamland is what many of the players are after. The castle looks like a giant ship, and I'm wondering if it can be a naval superiority vessel in the right hands, which could explain why Maru, Steamland, and others are so eager to see Zøg off the throne.