Of course. The best stories are based on real occurrences. Let's see...back home, there's the Fall of the Jotun King, which tells the tale of Odin and his armies besting King Laufey of Jotunheim and his army as they attempted to conquer Midgard. Very little of that one was ever accurate, but it is entertaining. It also served as a means to make young Asgardians fear the frost giants. Useful to keep us from traveling to Jotunheim and learning the truth, but that is another story altogether.
[He smiles proudly then.]
The Tragedy of Loki of Asgard sings the songs of the heroic young prince as he sacrifices all to save Asgard from the invasion of Malekith and the dark elves, courageously avenging his mother's death and sealing them away forever at the cost [He places a hand over his heart dramatically, though that smile never wavers.] of his own life.
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[He smiles proudly then.]
The Tragedy of Loki of Asgard sings the songs of the heroic young prince as he sacrifices all to save Asgard from the invasion of Malekith and the dark elves, courageously avenging his mother's death and sealing them away forever at the cost [He places a hand over his heart dramatically, though that smile never wavers.] of his own life.