Warner Bros studios announced that they are launching an NFT collection for The Lord of the Rings: The Fellowship of the Ring.
The official Twitter account for Warner Bros NFT collection announced today that they are introducing a Web3 movie experience that has never been seen before. Warner Bros partnered with Eluv.Io, the content-native blockchain for Web3.
Lord of the Rings NFT Collection: What does it offer?
The collection that will be live tomorrow on WB movieverse has two different types of Edition.
The Premiere Mystery Edition will have an extended edition of the full-length feature film in 4K Ultra High Definition (UHD). The collection is priced at $30 and includes over eight hours of special features plus commentaries. Additionally, it will have location-specific image galleries and Location-specific AR collectibles. The edition will have 10,000 NFTs.
The Premiere Epic Edition is an ultra-rare collection of 999 NFTs. The price of this edition will be $100. It will include all the perks of the Premier Mystery Edition, and additionally, it will have image galleries included in all three locations plus bonus galleries. It will also feature AR collectibles in all three locations.
The community’s reaction to the Lord of the Rings NFT Collection
The community has given a mixed sort of reaction to the NFT drop. A segment of fans believes that Warner Bros studio focuses on harebrained schemes instead of innovation and imagination. They feel it’s just like streaming, but it’s harder to get and costs more money. A Twitter user went as far as expressing that they want the collection to fail badly.
Whereas on the other hand, NFT enthusiasts are hyped about the drop. They believe this is a step towards mass adoption.
Media and content in Web3
A strong use case of NFT can be around movies and multimedia content. NFTs offer fans a true sense of ownership compared to streaming movies on Netflix. Due to these factors, Hollywood is exploring NFTs and Web3.
Dapper Labs signed a deal with major Hollywood talent agency William Morris Endeavor Entertainment (WME) a couple of days ago. The deal can open up opportunities for some of Dapper Labs’ signature NFT collections, like CryptoKitties and NBA Top Shot, to be included in Hollywood movies.
There are various other developments from other popular studios as well. The community is expecting other studios like Star Wars, Marvel, and DC to jump on the NFT bandwagon.
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