The weapons and armor you find scattered throughout the early parts of No Rest for the Wicked may be enough to handle the first few Risen enemies, but you'll soon need upgrades, which means you'll need a Woodcutter's Axe.
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The Woodcutter's Axe is one of several tools that you can find and equip to your body without any additional cost to your weight. Like the Pickaxe, you can find a Woodcutter's Axe early on without having to pay a coin for it.
Follow these steps to find the woodcutter's axe in the beginning of No Rest for the Wicked.
The Woodcutter's Axe is located just north of where you start on the beach after the ship you're traveling on in the game's introduction crashes. Once you wake up on the beach, head north and follow the beach until you see a glowing unbreakable gate in the rocks along the shore. Directly in front of that gate should be a glowing blue loot container that you can interact with and that should have the Woodcutter's Axe.