World crashes shortly after loading on Xbox Series X AFTER V1.16.210 update

The version 1.16.210 update has rendered my world unplayable on the Xbox Series X. I can load the world, but after taking a few steps, the game crashes the entire Xbox Series X console, resulting in a power off.

Attempting to run the game and load the same world from my Xbox One X on version 1.16.210 works without issue. The near-immediate crash post-world load is only occurring when attempting to play on the Xbox Series X.