So I was playing through and I got a phoenix egg from a chicken on reaper's coast. Says it is a scaly egg, but gives no clues as to use, purpose, or reason for existence. anyone shed some light?
Consuming it teaches you the spell Pheonix Dive, outside of that, I'm unaware, I too have kept it instead of consuming it and nothing has happened yet.
I picked up the "very silent watchers shirt" nearby, its a unique armor piece, under description it says "phoenix egg." Any ideas, i doubt it is a coincidence.