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what do these things do i heard there incrediblie powerful but no ones said what they do exactly

The Odinforce is basically Odin's life force/magical power distilled outside of his body. It seems tob e semi-sentient. The runes are basically a form of powerful Asgardian magic. I don't think it's been clearly defined what one can or cannot do with them, but Loki seemed fairly... impressed by Thor's knowledge.