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Aims.JWST/NIRCam provides rest-frame near-IR photometry of galaxies up toz = 2.5 with exquisite depth and accuracy. This affords us an unprecedented view of the evolution of the UV/optical/near-IR color distribution and its interpretation in terms of the evolving dust attenuation,A_V. Methods.We used the value-added data products (photometric redshift, stellar mass, rest-frameU − VandV − Jcolors, andA_V) provided by the public DAWN JWST Archive. These data products derive from fitting the spectral energy distributions obtained from multiple NIRCam imaging surveys, augmented with preexisting HST imaging data. Our sample consists of a stellar-mass-complete sample of ≈28 000M_⋆ >  10⁹ M_⊙galaxies in the redshift range 0.5 <  z <  2.5. Results.TheV − Jcolor distribution of star-forming galaxies evolves strongly, in particular for high-mass galaxies (M_⋆ >  3 × 10¹⁰ M_⊙), which have a pronounced tail of very red galaxies reachingV − J >  2.5 atz >  1.5 that does not exist atz <  1. Such redV − Jcan only be explained by dust attenuation, with typical values forM_⋆ ≈ 10¹¹ M_⊙galaxies in the rangeA_V ≈ 1.5 − 3.5 atz ≈ 2. This redshift evolution went largely unnoticed before. Today, however, photometric redshift estimates for the reddest (V − J >  2.5), most attenuated galaxies have markedly improved thanks to the new, precise photometry, which is in much better agreement with the 25 available spectroscopic redshifts for such galaxies. The reddest population readily stands out as the independently identified population of galaxies detected at submillimeter wavelengths. Despite the increased attenuation,U − Vcolors across the entire mass range are slightly bluer at higherz. A well-defined and tight color sequence exists at redshifts 0.5 <  z <  2.5 forM_⋆ >  3 × 10¹⁰ M_⊙quiescent galaxies, in bothU − VandV − J, but inV − Jit is bluer rather than redder compared to star-forming galaxies. In conclusion, whereas the rest-frame UV-optical color distribution evolves remarkably little fromz = 0.5 toz = 2.5, the rest-frame optical/near-IR color distribution evolves strongly, primarily due to a very substantial increase with redshift in dust attenuation for massive galaxies. 

Abstract The Cosmic Evolution Survey (COSMOS) has become a cornerstone of extragalactic astronomy. Since the last public catalog in 2015, a wealth of new imaging and spectroscopic data have been collected in the COSMOS field. This paper describes the collection, processing, and analysis of these new imaging data to produce a new reference photometric redshift catalog. Source detection and multiwavelength photometry are performed for 1.7 million sources across the 2 deg 2 of the COSMOS field, ∼966,000 of which are measured with all available broadband data using both traditional aperture photometric methods and a new profile-fitting photometric extraction tool, The Farmer , which we have developed. A detailed comparison of the two resulting photometric catalogs is presented. Photometric redshifts are computed for all sources in each catalog utilizing two independent photometric redshift codes. Finally, a comparison is made between the performance of the photometric methodologies and of the redshift codes to demonstrate an exceptional degree of self-consistency in the resulting photometric redshifts. The i < 21 sources have subpercent photometric redshift accuracy and even the faintest sources at 25 < i < 27 reach a precision of 5%. Finally, these results are discussed in the context of previous, current, and future surveys in the COSMOS field. Compared to COSMOS2015, it reaches the same photometric redshift precision at almost one magnitude deeper. Both photometric catalogs and their photometric redshift solutions and physical parameters will be made available through the usual astronomical archive systems (ESO Phase 3, IPAC-IRSA, and CDS).