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Warner Bros. is releasing a 10,999NFTcollection for the extended edition ofLord of the Rings : The Fellowship of the Ringthat will include extra content not found in the DVD rendering . Hosted on the media - focalize Eluvio blockchain , this move is not mistaken for an expensive JPEG Johnny Cash grab but is a compelling utilization of NFT technology . By possess one of these special variation tokens , fans can forever enter the extended variation of the world - renowned fantasy heroic along with hours of special edition message without care of misplace or damage a physical DVD .
WhileNFTs are terribly misunderstooddue to 2021 ’s epidemic of massively overpriced JPEG collectibles and various NFT scams , they are equal to of a monumental range of functionality . NFTs allow digital content to be stored in a scarce and ownable form that can be trade in with cryptocurrency over a blockchain internet . So far , hosting sole media capacity through NFTs has been difficult due to the limitation ofgeneral - purpose impudent contract blockchains like Ethereum , as anyone can see and get at the link to the media file itself . However , Eluvio is a blockchain explicitly built for NFTs that provide undivided medium depicted object to their owners while retain the ability to own and deal the token on the Ethereum blockchain and are tradable on standardNFT interchange like OpenSeaor Rarible .
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As reported byVariety , Warner Bros. announced a drop of 10,999 NFTs forLord Of The Rings : The family Of The RingExtended Edition beginning tomorrow , Oct. 21 . The assemblage will feature 10,000 Mystery Edition NFTs for $ 30 each , and 999 Epic Edition NFTs for $ 100 each , both of which comprise the Extended Edition content found on the DVDs as well as unique content exclusive to the NFT appeal . To enter in the sale , buyers must create anEluvioblockchain crypto wallet using an Apple or Google business relationship or aMetamask Ethereum crypto walletand visit theWarner Bros. Web3 premiere varlet on the day of the sale .
What Kind Of Special Content Do The Tokens Offer?
Both edition offer access to the Extended Edition edition of the motion-picture show in 4 K UHD , along with over eight minute of special features , century of images and hidden AR collectable . Additional mental object includes three explorable locations ( The Shire , Rivendell , and the Mines of Moria ) with placement - specific artwork and behind - the - shot trope galleries exclusive to the token collection . The Mystery Edition offer one of the three locations chosen at random , while the Epic Edition come with all three . In plus , both editions are fully compatible with the Ethereum blockchain and itsdecentralized software ( dApp ) ecosystem .
Thanks to NFT prices crashing , go are the mean solar day of million - clam profile picture cash grabs with minuscule or no real value to their buyers . Instead , innovation is take when creating and trade NFT collectable . The closing user must receive something of economic value from their leverage at a sane price . Warner Bros. seems to understand this spot and is making a bold move into the Web3 space with The Lord of the RingsNFTmovie collection .
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source : Variety , Eluvio 1,Warner Bros.
