Are you a fan of “The Lord of the Rings” or “The Lord of the Rings” or just a fan of the trilogy? Get ready for the release of a collection of NFT 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 start of a project called Movieverse that WB has been inventing for a few years. Find out in the lines below all the information relating to this novelty.
What is this Warner Bros. project about? Discovery?
While Amazon’s “Lord of the Rings: The Rings of Power” series has just wrapped up its first season, Warner Bros (WB) is capitalizing on the new wave of interest around this trilogy. In this context, the American company is collaborating with the Eluvio company to launch a batch 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 movie in a full package as NFT. Furthermore, the studio has just launched its own 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 not downloadable thanks to a certificate of authenticity to which it is attached. By purchasing an NFT, the buyer becomes the sole owner of a digital asset such as:
- A video ;
- A movie ;
- A painting;
- A photographer;
- A video game item;
- One himself.
What do Warner Bros NFTs contain?
By announcing the release of its batch of non-fungible tokens from the film The Lord of the Rings: The Fellowship of the Ring (The Lord of the Rings: The Fellowship of the Ring), Warner Bros has delighted many of the fans and unconditional amateurs of the trilogy. NFTs in this range are divided into two categories:
- The Mystery Edition: This category includes 10,000 collectibles starting at $ 30 each;
- The Epic Edition: Includes 999 collectibles 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). Additionally, these NFTs also include over 8 hours of additional footage such as creator comments, image galleries, and several augmented reality collectibles. Furthermore, it should be noted that the more expensive copies include navigation menus leading to Rivendell, The Shire, and Mines of Moria. Also, if you look closely at the trailer for this product, you will 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 the experts, the Lord of the Rings franchise can 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 ended just a few days ago.
It is important to point out 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 attempts
Warner Bros is not on its first attempt with this batch of NFTs as the company had already launched NFT to accompany the release of The Matrix Resurections. For this, the American production company has partnered with a blockchain company specializing in the management, distribution and monetization of premium content..
This initiative to sell films in the form of an NFT will allow you to see the impact of this new way of managing film distribution directly to fans, said Jessica Schell, executive vice president and general manager of Warner Bros. Home Entertainment. He also added that this initiative could allow trilogy enthusiasts to get involved in very important communities and, by extension, to learn more about the practical utility of Web 3.0 and NFTs..
The movieverse, the market that revolves around non-fungible tokens
The movieverse is a market created by Warner Bros. Additionally, Warner Bros describes this platform as a whole new way to own movies. The movieverse is also known for its efficiency in collecting and enjoying movies. This market is dedicated to WB stocks. Furthermore, the American company has not yet communicated on the other films that will eventually be presented on this site.
According to recent announcements from Warner Bros. Home Entertainment, this project aims to promote NFTs and, by extension, its new Movieverse market. In fact, the company intends to offer other collections to exhibit its main cinematographic achievements in the new Web 3.0 experience.