Updating Drutopia

I have a Drupal/Drutopia project that I've been working on, on the side off and on. I went to update it, and here's what I get:

composer update
Gathering patches for root package.
Loading composer repositories with package information
Info from https://repo.packagist.org: #StandWithUkraine
Updating dependencies
Your requirements could not be resolved to an installable set of packages.

  Problem 1
    - drupal/drutopia_paragraph_title dev-1.x requires drupal/allowed_formats ^2 -> found drupal/allowed_formats[dev-2.0.x, 2.0.0, 2.0.x-dev (alias of dev-2.0.x)] but it conflicts with your root composer.json require (^1.1).
    - drupal/drutopia_paragraph_title 1.x-dev is an alias of drupal/drutopia_paragraph_title dev-1.x and thus requires it to be installed too.
    - Root composer.json requires drupal/drutopia_paragraph_title 1.x-dev -> satisfiable by drupal/drutopia_paragraph_title[1.x-dev (alias of dev-1.x)].

Use the option --with-all-dependencies (-W) to allow upgrades, downgrades and removals for packages currently locked to specific versions.

My question is, should I just update my COMPOSER.JSON file, changing the "allowed_formats" to version 2.0 or is there a better way to go about it? Based on this... I won't call it an "error", but "issue" message, regarding "drutopia_paragraph_title" I'm not sure how to best handle that. I'm presuming updating the package would handle this as well?

What is the best way to proceed with all of this?

I'm unsure what actual version of Drutopia this is. It is currently running Drupal 9.5.7, and the COMPOSER.JSON identifies it as drutopia/drutopia_template