According to the pre-order FAQ on Steam, no. I'm loving the look of Naraka though.
Q: What will be the business model for NARAKA: BLADEPOINT?
A: NARAKA: BLADEPOINT is a Buy To Play game featuring Unchained Multiplayer Combat. Players will need to purchase the game in order to have access to the provided content. Additionally, the game will also include purchasable cosmetic items like skins, battle passes, name-change cards, and other upcoming DLC. However, the in-game purchases will NOT affect the power of in-game characters. (i.e. there is no Pay-to-Win)