I defintely think at 118 you should go and do all four of these parts. These are required to unlock World Quests and probably take about 60-90 minutes to get through. If you do these whilst levelling (especially all in one go at 118) then when you hit max level you're ready to go on WQs. You can go finish the zones quests at your leisure over the next weeks/months or never even finish them if you don't care about questing.
This whole affair has caused myriad arguments with the community, with some old-timers noting that the time-to-level increase is a joke compared to Vanilla, and newcomers sharing their point of view that World of Warcraft is slower than a lot of other games on the market. I can certainly understand both mentalities, but given that the leveling system is sort of a token process now and is already frustrating for a lot of players -- seeing it shaken up this much can't be good for the game.
The community was apparently frustrated with Blizzard for a lack of communication concerning the issue, but it looks like that was due to the fact that their heads were down as they worked to understand the problem. It was explained that they didn't want to just roll out a quick bandage, as that would likely cause unforeseen issues down the road. Instead, they're crunching the numbers and digging into the code in the hopes of discovering a legitimate source of the problem.
The downside is that War Mode will make you vulnerable to other players, which means you might be killed more often. Whether it’s worthwhile will depend on the zones you’re visiting and how active the other faction is on your server cluster. Heavily populated realms usually mean more players on both sides, and more conflict, but on quieter realms, you may rarely run across an enemy.
Island Expeditions are a new idea that digs into the island vibe brought in by Battle for Azeroth and allows players to team up in groups of three to venture out onto various islands to gather all-important Azerite while fighting against enemies on the island and completing quests. The twist is that Island Expeditions are also a race against the opposite faction — whether it's three AI characters or three real players is up to you — but you may have to do a little player vs. player (or fake PvP) if you happen to run into them.
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In 2015, Blizzard started letting players buy gold from each other using WoW Tokens, to try to control the process and mitigate damage. “Time is money, friend — but sometimes one is harder to come by than the other,” Blizzard says on the official page. “Now World of Warcraft players can use the WoW Token in exchange for game time or Battle.net Balance!”