Currently there is a void. We will be creating a world within it and populating it with life, both sentient and non-sentient. The technological level is ultimately set by the players based on what they choose to give their technology. In the end though, all forces are equally good at combat before introducing blessings and such from the gods, so that a group of magical kobold spearmen is quite capable of taking down armored space marines with automatic firearms.
That said, this is intended to be a cooperative world/story building game rather than a war or competition between the gods. I have seen some LoC games devolve into that, but it is not their purpose. I have run D&D tabletop games in one of the worlds from an LoC game that I was part of, but if you aren't enjoying the world and people creation process then this is probably not the game for you. You can choose to create many peoples, one people, or no peoples, but generally have narrative control over anything that you create within the game.
Edit: Yes, I've looked at microscope.