In any case, when you die, all the objects that you are travelling with in your bag are staying at the location of your death. Other players can take them.
Things that are not lost are: special equipment like rings, your Meta Island money, you NFT items obviously and everything that is protected in an specific magic bag. Everything else will be left on the floor.
Depending of what is your player status the following things can happen
Your are donator (you are paying monthly) and you rent a house.
When you die, you will lose your equipment as described before, plus you will rebirth in front of your rented house.
You are not donator
You lose everything and are rebirth at the starting point of the game.
You are donator but you do not rent a house.
You are losing your equipment as described before, and you are rebirth at the starting point of the game.
The player can select a character and change any time.
There is always a choice between a Female and a Male character.
NFT will allows the player to have a specific look.