I voted all of the above because it just depends on the campaign. In my campaigns? One had the group dealing with two threats to their home city, one an ancient evil (a giant/god that had been put into long term coma by Thor was stirring), and an ancient dragon pretending to be human to take over the country. In another I had them stop a giant/fiendish invasion (both are Jotun in my campaign world) and then brought in an evil NPC that had taken over their city while they were dealing with the invasion. More of a setup for possible future shadow enemy in future campaign than anything.
So for me it's a mix of just plain old politics, invasions, ancient evils. Maybe the next one will end with recovering an ancient dwarven empire or ... well who knows. That's a long ways away and this time I don't have any overt threat pending.
So for me it's a mix of just plain old politics, invasions, ancient evils. Maybe the next one will end with recovering an ancient dwarven empire or ... well who knows. That's a long ways away and this time I don't have any overt threat pending.