String can be obtained in several ways. It can be crafted in to a large number of things, including cords of rope.
Stats
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DMG: 1 (1)
Builds into
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Cord of rope (10 string)
Bow (2 string, 1 stick)
Cloth (5 string: takes lots of time, or a sewing machine)
Built from
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Grass, Wood, String Crop (Need some device to heat up organic material)