Before dying, Loki laid schemes to break free from the chains of destiny, and be reborn as a completely new Kid Loki. However, when he met his end at the hands of the Void, he died forever, and any new Loki would never be the original Loki.
After he leaves, Loki is revealed to be alive and impersonating Odin. In a mid-credits scene, Volstagg and Sif visit the Collector and entrust the Aether to his care, with the Tesseract already in Asgard, as they fear having two Infinity Stones so close together would be dangerous.
While the original Loki was killed during the events of Avengers: Infinity War, a new version was reborn thanks to the Avengers' time-traveling five years later.
LOKI Season 2 FINALE ENDING EXPLAINED! What Loki Did Explained
Is Loki now the god of time?
By saving and organizing every existing timeline, Loki has become the God of Time — a higher being who keeps the past, present, and future of every universe from being erased by outside forces. However, Loki has also become the God of Stories, as he has placed everybody's personal journey above his own.
After dying in Avengers: Infinity War's opening sequence, Loki was brought back to the MCU thanks to Avengers: Endgame's time-heist. Now technically a variant of the Loki seen from The Avengers to Infinity War, he is once again on a path of redemption.
Previous references and Easter eggs hinted at the MCU being Earth-616, including a mention by Mysterio in Spider-Man: Far From Home. The MCU was initially labeled as Earth-199999 in the Official Handbook of the Marvel Universe A to Z, but the recent timeline confirms Earth-616 as the official designation.
So, there you have it, the MCU is officially Earth-616. You can pick holes in the decision, but it's what Marvel Studios has gone for and will likely stick until this franchise is rebooted post-Avengers: Secret Wars.
Mobius mentions an incident with a variant in a “616-adjacent realm,” which refers to the events of Ant-Man and the Wasp: Quantumania (616 is the multiversal designation for the primary MCU universe) and positions the events of the finale after the conclusion of that film.
Apparently, Loki's powers in the MCU include the ability to project an exact doppelgänger of himself, which he describes as "an exact facsimile of one's own body in its present circumstance... a true holographic mirror of its molecular structure." This is likely how Loki faked his death in Thor: The Dark World — by ...
We didn't know Loki's destination, but, as seen in the premiere of Loki, he landed in a desert, but was whisked away by the TVA who had tracked the location that Loki had disappeared to. And that is how Loki is still alive and ready to lead his own Disney+ show.
At the end of Thor, he apparently took his own life — but Loki survived death by plunging into one of the many portals he knew could be found in Yggdrasil. In Thor: The Dark World, the God of Mischief joined Thor in battle against the Dark Elves, apparently redeeming himself, but died when he was stabbed in the chest.
For now, there's no telling if, how, when, or in what form Loki will return again, but if there's one character who can seamlessly slip back into MCU canon like nothing ever changed, it's Hiddleston's trickster god. He's always welcome in this franchise. For all time, always.
His identity and role in the proceedings was ultimately revealed, and he was then defeated by the Avengers. Loki would actually die at the hands of Thor, although manipulation of the time stream would later bring him back.
You asked two questions here, and I believe the second one, about Loki's identity, is quite well answered by the other Quorans here: Loki is a mortal Frost Giant, not actually an Asgardian; and even if he were Asgardian, he still wouldn't be immortal, despite humans believing that their Norse gods would be.
History. Earth-1218 is the designation given to our reality, where super-heroes and other super-powered beings don't physically exist. This universe may appear somewhat dull from a cerebral perspective, but it does have its good sides, for those willing to recognize them.
Technically, no. The Earth that was created after the destruction of the Marvel Multiverse in the Incursion storyline is not technically Earth 616, since it contains components of other pre-Incursion Earths. This Earth exists in the Eighth Cosmos, the successor multiverse to the pre-Incursion Seventh Cosmos.
Alan Davis, the story's artist, claims it was David Thorpe, Moore's predecessor as Captain Britain writer, who first coined the term, though Moore maintains he came up with it himself. According to Moore, the number 616 was chosen at random to avoid using the terms 'Earth-One' or 'Earth-Two,' as used by DC.
Earth-199999 is used to indicate the Marvel Cinematic Universe. It started with Iron Man in 2008. In Spider-man Far From Home, it is stated they are in Earth-616.
The Official Timeline book reveals that Mysterio likely obtained Dr. Erik Selvig's notes from Thor: The Dark World, which included the phrase "616 universe," explaining how he knew about Earth-616.
Earth-199999 is a universe within the Multiverse. In this universe, Peter Parker, alias Spider-Man had broken the fabric of reality by tampering with a mind-sweeping spell of Doctor Strange's. He had it fixed by the universe forgetting Parker's identity.
Given so much of Loki's MCU story has centered on his transition from villain to hero, oftentimes his stint as the former villain character archetype in the franchise can be forgotten. Loki's fan-favorite status also means that his villainous beginnings in the MCU are forgotten in favor of his more lovable side.
What is Loki the god of? Loki is considered a trickster god, known for being neither fully good nor evil since his main aim was always to create chaos. Despite his father being a giant, he is still counted a member of the Aesir—a tribe of deities including Odin, Frigg, Tyr, and Thor.
Loki decides to sacrifice himself by destroying the Temporal Loom, reviving and maintaining the timelines with his magic, and rearranging them into Yggdrasil, by taking over He Who Remains' position. He becomes the new keeper of time.
