There are no special steps and they will be updated soon after the release.
Flatpaks are versionned independently of the OS even though on Silverblue they follow the Fedora release cycle as they are made from the same sources as the RPM packages.
The f34 versionned one is the Flatpak Platform (common base for Fedora Flatpaks). The f35 one will be pulled by updated applications and when the last application requesting it gets updated, it will be removed.