WT32-ETH01 board not working with Arduino IDE 2.0

Just go to esp32-s3 branch, download and follow instructions there to install.

This ESP32-S3 Support #5594 is the thread to support the new esp32-s3 branch.

Did you restart Arduino IDE after update the .json for esp32-s3 ?

Also check

  1. esp32-s3-support
  2. Arduino IDE Install

Update:

If successful, the Board Manager will show ESP32_S3 as follows