Are you a fan of Lord of The Rings or The Lord of the Rings or just a fan of the trilogy? Get ready for the release of an NFT collection related to this cult saga. This new Web 3.0 cinematic experience is the result of a collaboration between Warner Bros. Home Entertainment and Eluvio. These Lord of the Rings NFTs are also the beginning of a project called the Movieverse that WB has been concocting for several years. Find out in the lines below all the information about this news.
What is this Warner Bros. project about? Discovery?
As the Amazon series “The Lord of the Rings: The Rings of Power” just finished its first season, Warner Bros. (WB) is taking advantage of the new wave of interest around this trilogy. In this context, the American company is working with the company Eluvio to launch a set of NFTs of the extended version of “The Lord of the Rings: The Fellowship of the Ring”. Warner Bros. also becomes the only major studio to sell an entire film in a complete package as an NFT. In addition, the studio has just opened its market to offer other films in order to develop its NFT sector.
What is an NFT?
An NFT is a digital file made unique and non-downloadable thanks to a certificate of authenticity attached to it. By purchasing an NFT, the buyer becomes the exclusive owner of a digital asset such as:
- A video;
- A movie;
- A painting;
- A photograph;
- A video game item;
- Same thing.
What do the NFTs offered by Warner Bros contain?
By announcing the release of its series of invariable signs of the movie The Lord of the Rings: The Fellowship of the Ring (Lord of The Rings: The Fellowship of The Ring), Warner Bros. has made many happy among enthusiasts and unconditional amateurs of the trilogy. NFTs in this range fall into two categories:
- Mystery Edition: this category includes 10,000 collectible items starting at $30 each;
- Epic Edition: this includes 999 collector’s items starting at $100 each.
Once purchased, these NFTs will allow lucky owners to watch an extended version of the film (3 hours and 48 minutes, in 4K Ultra HD). In addition, these NFTs also include over 8 hours of additional footage such as creator commentary, image galleries, and several augmented reality collections. Except this, it should be noted that the more expensive copies include navigation menus leading to Rivendell, the Shire and the Mines of Moria. Also, if you look closely at the trailer for this product, you’ll notice that the navigation interface looks like old CD-ROMs from the early 2000s.
What’s the point of selling a Lord of the Rings NFT today?
For pundits, the Lord of the Rings franchise could become as powerful as Star Wars or Marvel.
The sale of these NFTs is also the logical continuation of the relaunch of this Peter Jackson trilogy with the Rings of Power series that just ended a few days ago.
It is important to note that this series produced by Amazon is among the most important budget series of recent years.
The sale of NFT, a logical continuation of the first efforts
Warner Bros. is not on its first try with this set of NFTs as the company had already launched NFTs to accompany the release of The Matrix Resurrections. For this, the American production company has teamed up with a blockchain company specializing in the management, distribution and monetization of premium content..
This initiative to sell films in the form of NFT will allow to see the impact of this new way of managing the distribution of films directly to fans, underlined Jessica Schell, executive vice president and general manager of Warner Bros. Fun at home. She also added that this initiative could allow trilogy enthusiasts to engage in very important communities and thus learn more about the practical utility of Web 3.0 and NFTs..
The movie, the market revolving around immutable tokens
The film is a market created by Warner Bros. Additionally, Warner Bros describes this platform as a completely new way to own movies. The film is also known for its efficiency in collecting and enjoying movies. This market is dedicated to WB titles. Moreover, the American company has not yet communicated about the other films that will eventually be presented on this site.
According to the latest announcements from Warner Bros. Home Entertainment, this project aims to promote NFTs and, by extension, its new Movieverse marketplace. Indeed, the company intends to offer other collections to showcase its major cinematic achievements in the new Web 3.0 experience.