The concept of the world is that it was a place for Odin to put his enemies. He then cut off that part of the world and cast it adrift.

Upon hearing how his enemies were gathering strength Odin resurrects warriors and sends them to Valheim to beat them back and earn their way to glory ... or something.

That is the basic premise / purpose of you being there.

One of the biggest draws is the atmosphere. The devs really have done a marvelous job in world crafting. Each biome is unique and sounds and lighting play a huge part in how it all "feels" to be in those places.

https://steamcommunity.com/sharedfiles/filedetails/?id=2627653976

https://steamcommunity.com/sharedfiles/filedetails/?id=2536831065

So for me there is a lot more to offer than just progression and crafting / building.
I enjoy the journey.