I just got it on PS4 because it is on sale, last time I played I was on PS3 and it was a long time ago and I know a bunch of new stuff was added so I'm curious what to do next. I put a picture there so you could see where I am generally at right now. Add me at LuXx1200 if you wanna help me.
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Build a house. Find spider webs and make silk. With silk and wood make a bed. Set you spawn point at that bed. Craft better axe. Craft better hammer. Craft better weapons and armor. Then start going against bosses.