I'm quite enjoying the Breath of the Wild approach to loot collection. Not going to spoil it too much, but the majority of armour is purchased from shops dotted around the map and upgrades for them don't come easy. Each armour set has a specific purpose so you'll be building a collection and frequently swapping to suit the situation.
Weapons are plentiful but they break after a certain number of uses and cannot be repaired. That high DPS sword / bow you just found is cool, but it's only going to get you through one or two big enemies before it's gone forever. I haven't felt encouraged to hoard either, I'm regularly using my best weapons and potions on tougher enemies as nothing I've found has been Too Awesome To Use.
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