I think Bungo said Faction rewards, as well as y1 vendor ornaments and vendor emblems will not be added back
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They eventually brought back faction gear though so the ornaments shouldn't be an issue to bring back.
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they shouldn't be, but gear is different than ornaments; they're more like trophy rewards. I thought eventually Bungo would at least allow veteran players to earn them through activities or quests or something, but nothing so far, so I believe they actually meant this