1Password V8.0 Eliminating WLAN Sync?

Do I understand correctly that V8 will discontinue support for iCloud / DropBox and most importantly WLAN Sync and force me to use 1Password.com? I currently use WLAN sync because I have experienced too many data breaches from supposedly "secure" websites & clouds.
There is no way I am going to trust anyone (not even 1Password) with all my account details and passwords.

If my understanding is correct, I will certainly switch to another password manager that allows me to control my own security.

1Password Version: 1Password 8
Extension Version: Not Provided
OS Version: macOS Catalina 10.15.7


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