Although Android Wear hasn't made any significant progress relative to its competitors (Samsung's Tizen and Apple's WatchOS), Google has announced that Android Wear beta is now available for flashing to a test device or via the Android emulator. Google mentions the update is "mainly a technical upgrade to APU 26 with enhancements to background limits and notification channels." This means that the Android Wear update will likely be an incremental update something along the lines of Android Wear 2.X. Google is offering "Notification Channels" on its next version of Android Wear so...
Source: https://www.gsmarena.com/new_android_wear_beta_announced_based_on_android_80_oreo-news-27547.php
