There was a time when having a blinking blue LED on a project was all you needed to be one of the cool kids. But now you need something more complex. LEDs should not just snap on, they should fade in and out. And blinking? Today’s hotness is breathing LEDs. If that’s the kind of project you want, you should check out [jandelgado’s] jled library.
At first glance, an Arduino library for LED control might seem superfluous, but if you are interested in nice effects, the coding for them can be a bit onerous. If you don’t mind stopping everything while you fade an LED on (or off) then sure, you just write a loop and it is a few lines of code. But if you want to have it happen while other things continue to execute, it is a little different. The library makes it very simple and it is also nicely documented.