You know how it goes... You kill wolves and kobolds and bears... you get loot. You kill more generic denizens of your fantasy world... you get more loot. You get stronger... you kill more mobs... you get more loot. How powerful do you want to be? How much of the grind can you endure?
The Grind is about gearing up to kill stronger enemies, to obtain greater gear to kill even stronger enemies. Every enemy you kill has a chance to yield equipment to help you achieve this. You can wear equipment on your head, chest, hands, waist, legs and feet.
The equipment that drops will always be relative to your level, so the stats will always be of an appropriate volume. However, all loot that drops has a chance to become enchanted, modifying its rarity! Rarity directly affects that item's stats, increasing them with higher rarities. Rarities are identified by the text below the item's name and the item name's colour!
There are also higher rarities, such as Legendary... However, rumor has it a greater enchanted type exists...
So remember, if your loot drops, don't stop there, aim for perfection and endure The Grind.