Awesome! So I'm not the only one who enjoys creating worlds of high fantasy!
So, like many others, I am currently writing something of a novel. It takes place in a land known as "Selmia," which reflects medieval Europe. Selmia is both the name of the actual planet that the characters live on, and the only known continent of it.
The continent is split between four nations, each ruled by different races. The Human Empire in the northeast, which is in the "Era of Equality" when the story begins. The Lejud de Lejers to the northwest, which is home of the Karin (more or less Elves). The Wul to the southwest, which is home to the Wulard (basically Dwarves). The Rey Confederation to the southeast, which is a "melting pot" of all of the other, less intelligent races (such as goblins, orcs, trolls, dragons, etc).
Being that this is fantasy, there is magic and those who wield it, the Magi. Every race has them, and they are treated and trained differently from the other races (ex. The Karin use more passive, "stealthy" magic, while the Rey have adopted more of a "tribal/shaman" mentality when dealing with magic).
Three hundred years before the story begins, during the "Era of Honor," the normal humans revolted against the human magi, who held most government positions, out of jealously and fear. The human magi were all but wiped out, and over time, it was told that the magi had tried to destroy the normal humans, but had failed.
Over time, the human race focused less on arcane practices and more on industrial goals and technology. They develop technology that share similarities with steam-punk, and do away with arcane practices entirely, while the other nations continued the study of arcane techniques to varying degrees.
Fairly standard high fantasy, but I like it.