The first color page seems to be referencing the events later in the chapter, specifically the line about how "The spirit warmed the warrior's freezing fingers and provided power." This would fit with how later in the chapter Otr's sister told him, "Next time, I want you to tell me your own Saga." So the first page might be a summary of Otr's story with the following lines possibly referring to future events: "Thus the evil king fell, the warrior became a hero..." "...and, having fulfilled its duty..." "the spirit melted back into nature."
This seems to be alluding to Fylgja disappearing at the end, after helping Otr become a hero by defeating the leader of the Ice Kingdom, she also referred to Otr as a warrior. The color page showing green foliage might be depicting the world returning to normal after the Ice Kindom's defeat. There is also the different colored warriors shown with various weapons a sword, axe, spear, bow and halberd. The red one with the sword and shield seems to be Otr. The page of Otr one shotting the villain of the chapter is framed like a tapestry, almost as if it's showing some scene out of a famous legend. Red Hood also had similar ideas of the world and events of that series all being apart of a storybook, which some characters had control over which lead to its meta ending.
Another theme that seems to be underlining this chapter is life and death. The magic system used by the MC appears to be fueled by Breath and breathing is something only living things can do. Alajoki also mentioned that "Breath is part of the soul." and that it has magical significance according to a shaman. The enemies are undead Draugr as well as the Ice Kingdom, Norse societies often associated the cold with death. In Norse mythology, Hel the realm of the dead (for people who don't die in battle) is described as a place of cold, ice and darkness. The Hrimthurs/Frost Giants are antagonistic forces in Norse mythology and seem to be named that because of the negative association the cold has. Fimbulwinter is three years of winter without summer, this is said to be the prelude to Ragnarok, the end of the world and death of most of the beings in Norse mythology.
The Norse associating the cold with death makes sense considering the cold and harsh environment they lived in, making something like farming quite difficult. Which in contrast shows why fire a tool against the cold is sometimes associated with life. It's the fires from Muspelheim melting the ice in Ginnungagap that created Ymir, the first living being in Norse Mythology.
The cold setting in this manga is also neat since breathing in cold weather makes your breath visible, which could accentuate it and make it appear more magical. If this series survives and gets an anime, seeing the visible breath coming out of the living beings versus its absence in the undead would make for some neat visuals.
Fylgja implied the reason she chooses Otr was because he had a desire to live, in comparison to the soldiers that seemed gleefully enthusiastic about dying a warrior's death and journeying to Valhalla. There's also the Sagas, that seem to glorify heroes dying, Otr and his sister quoted these lines pertaining to the Sagas "through self-sacrifice, Ynga felled the great sea serpent" and "through death, the tales of warriors are passed down through Sagas." It's his sister saying the stories where the warriors lived and went on adventures that were the more "epic and entertaining ones" that compelled Otr to live, and I guess that's the thing that will set Otr's Saga apart from others going forward, a story about how he lived instead of died. Otr breathed life into the flame that became Fylgja and the Ice Sorcerer used the dead warriors as his pawns to fight their former allies, making his powers the perfect counter against this death seeking culture.
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