LED does not blink - Arduino UNO+WiFi R3 ATmega328P+ESP8266 board
The Uno+WiFi board is an Uno. With DIP switches 3 and 4 in ON position it is a normal Arduino Uno clone with CH340 chip for USB. All the pin headers at board sides and the ICSP pins are as on an Arduino Uno. Every sketch for Uno will work.
The esp8266 is added for WiFi functionality. The DIP switches allow to program the esp8266 over the CH340 or to connect the esp8226 to Serial of the Uno part (ATmega328p).
To have Serial free for USB, it is usual to wire the esp8266 to a common Uno on some other pair of pins then RX/TX and use SoftwareSerial. There is no such connection on this Uno+WiFi, but the esp8266 header has the Rx/RX pins of the esp8266 so it is possible to wire SoftwareSerial pins with jumper wires (power and ground are connected on board of course).

Don't switch the DIP switches too frequently. They are not made for it and fall apart. Upload some permanent firmware to esp8266 or use OTA upload for esp8266.