Lots of advice to consider. Can't add much except to caution that if you're adding a name to a baby gift be sure to get the spelling from both parents and not a grandparent. One set of GPs I know well was sure their grandbaby's name was spelled in the conventional way, but it was not, as I found out
after I put it on the quilt! I say both parents because they may still be arguing about the final version, or one of them may not exactly remember what was put on the birth certificate.
Also, Iceblossom is correct about current advice to parents not to use blankets of any kind in the baby's bed, but they are used for tummy time on the floor early on, and I try to make them bright and interesting for the baby for that reason.