In Norse mythology, the ultimate fate of the gods during Ragnarok is apocalyptic, leading to their demise. This epic event involves a series of catastrophic battles between gods, giants, and various creatures. The world is engulfed in chaos, resulting in the deaths of major deities, including Odin and Thor. However, Ragnarok is also associated with renewal; the world is reborn, suggesting a cyclical view of existence where destruction paves the way for new life and order.