Until recently, it was unclear if there was a natural way to construct (compactified) moduli spaces of Fano varieties. One approach to solving this problem is the K-moduli Conjecture, which predicts that K-polystable Fano varieties of fixed dimension and volume are parametrized by a projective good moduli space. In this talk, I will survey recent progress on this conjecture and discuss a result with Yuchen Liu and Chenyang Xu proving the openness of K-stability (a step in constructing K-moduli spaces).