At the end of the first verse, the Savior gives the promise of being raised up. The footnotes, show that this promise was reiterated by prophets throughout the scriptures, especial in the Book of Mormon and strongly ties obedience to the commandments of the Lord with the first Resurrection.
The next nine verses then offers a clarification on the fulfillment of the law of Moses, and yet future fulfillment of all the prophets had taught. The final crux of all the matter is this: “keep my commandments”. (See verse 10)
See also John 6:35-54
When Christ says to the Nephites, “Old things have passed away, and that all things had become new,” (vs. 2-3) He is guiding them to understand the covenants that he has made, and perhaps even the covenants that he will yet make with us individually.
References to the New and Everlasting covenant found here in these verses state very similar outcomes to that which Christ has here promised: being raised up at the last day.
The new and everlasting covenant is the fullness of the Gospel of Jesus Christ, which gets restored with every new dispensation.
The Rules of the Game
(a parable) All games have rules of engagement. To play the game you need to learn and follow the rules. Without rules, there is no game.
Life also has rules of engagement. In order to live life, you need to learn the laws and commands of God, who created life. If you cannot play by the commandments of God, there is no life. Life cannot be lived unless we abide by the rules of the Life-giver.