This object is a magic ax compared to Thor's hammer because it has the same origin and, like him, returns to the owner when the owner calls and allows the owner to fly.
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In the cartoon Avenger Assemble, the similarity between the two objects involves their power, it demonstrated the ability to return to the owner, but this seems to have to do with the plot that Doctor Doom stole it and attached a device to it (whose function has never been said).