In certain renditions of the original Pinocchio story, he does die. This could be as a result of various challenges and mistakes he makes along his journey, serving as a moral lesson.
The 'Seirei Tsukai no Blade Dance' light novel is mainly about a world where spirit contractors, known as 'Seirei Tsukai', exist. The story often involves the protagonist's adventures in this world filled with spirits, battles, and the development of relationships with other characters as he tries to master the art of spirit contracting and deal with various challenges that come his way.
The Blue Fairy helps Pinocchio. She is the one who gives him the opportunity to become a real boy and also guides him in a way. She warns him about the consequences of bad behavior like lying.
No. Pinocchio is a fictional character from a children's story. It was created by Carlo Collodi. It has elements of fantasy like a wooden puppet coming to life, which doesn't happen in real life.