It would be very different from the original story. There would be a lot of changes in the relationships. Harry and Draco might have a more complex bond as half - brothers.
Yes, there are some fanfictions with this rather out - of - the - box concept. In the world of fanfiction, authors like to explore different 'what - if' scenarios, and this is one of them.
A fanfiction with this premise would be full of radical changes. Harry's upbringing would be in a more affluent and pure - blood - centric household. He might be trained in different magic from a young age, perhaps more Dark Arts - adjacent magic due to Lucius' influence. His relationship with Dumbledore would be tenuous as Dumbledore was against the Death Eaters. His identity as the 'Boy Who Lived' would still be there, but his path to defeating Voldemort would be completely different. He could be caught in a moral dilemma between his parents' different beliefs, which would add a great deal of depth and complexity to his character.
One implication could be a huge shift in Harry's identity. He would be part of a pure - blood wizarding family, which would change how others in the wizarding world view him. Also, his relationship with Draco Malfoy would become extremely complex.
Yes, there are some fanfictions with this wild concept. It completely goes against the canon but that's the fun of fanfiction. Writers like to explore different 'what - if' scenarios.
It would be a wild mix of two very different universes. Loki's trickery and power could influence Harry's growth. Maybe Harry would inherit some of Loki's ability to shape - shift, which would be a huge advantage in the wizarding world. And Loki's relationship with the other Asgardians could also be a factor, like Thor might come to Hogwarts to help Harry at some point.
Harry would probably be very cold - hearted. The Malfoy family values would shape him into someone who is more concerned with status and power. He may lack the empathy that the real Harry has. For example, he might not care about the plight of house - elves or other less fortunate magical beings. He would be more likely to use people to get what he wants, like his father Lucius often does.
In a 'Harry is Snape and Lucius son' fanfiction, the character dynamics would be radically altered. Harry's personality might be a blend of Snape's brooding and Lucius's aristocratic arrogance. The story could explore how Harry's relationship with other characters like Dumbledore, Hermione, and Ron changes. For example, Snape might be more protective of Harry from the start, and Lucius could have some secret plans for his son that involve the dark side or the power structure of the wizarding world. Also, the whole concept of the fight against Voldemort could take on a new meaning as Harry's family ties are now intertwined with some of the more morally ambiguous characters in the series.
It would be a very different take on the Harry Potter story. Harry would likely grow up with the values of the Malfoy family. He might be more prejudiced against Muggle - borns at first. His appearance might also be different, perhaps with the blond hair typical of the Malfoys.
It would be extremely strange and non - traditional. It would completely distort the normal relationships and biological rules in the Harry Potter world. Maybe it would involve some dark magic or some really out - there plot devices to make such a situation possible.
It would likely be strained. Ron has a strong dislike for the Malfoys, so if Hermione was suddenly part of that family, he'd be conflicted. Harry might also be suspicious as Lucius has been an enemy. Hermione would be caught in the middle, trying to balance her old friendships with her new family ties.