The new Lord of the Rings version horrifies fans: “Are you kidding me?”

NFTS, non-fungible tokens. Over a few months the ultimate future of supposedly everything, then cynical investment scam with lovelessly generated monkey images polluting the environment. What started as an idea to enable ownership and uniqueness in the digital space by a kind of deed on a digital object stored on a blockchain is now, in the eyes of the internet public, primarily a sign that a company is looking for new ways to make money.

An accusation that Warner Bros. frames with full force. They have announced a new version of The Lord of the Rings: The Fellowship of the Ring as an NFT that should make fans’ hearts beat faster. Yet even Middle-earth’s ultras are horrified. Probably also because no one understands what exactly the benefit of this new version should be.

Lord of the Rings NFT: what’s in the new version of The Fellowship of the Ring?

that The Lord of the Rings: The Fellowship of the Ring (Extended Edition) WEB3 Movie Experience was developed by Warner Bros. in a press release as “multimedia living NFT” presented as “Exciting new way for fans to interact with the film through two dynamic menu experience options”. The fantasy classic seems to be just the beginning here, further projects are being planned.

But what does that mean concretely? It depends on how much money you want to spend:

  • There are two versions in total. Both are included the whole movie in 4K and 8 hours of bonus material
  • that Mystery Edition for $30 contains an interactive menu with additional material on either the Shire, Rivendell or Mines of Moria, as well as collectibles and augmented reality elements
  • For Epic Edition for $100 you don’t have to choose between the three menu options, you get them all plus an extra image gallery.

After the purchase, you will find “Movie Experience” in your wallet and can access it from there.

Why Lord of the Rings fans are mad now – and would rather keep their old DVD boxes

The news hit Twitter like a bombshell. The biggest criticism of many usersbesides the fact that the topic of NFTs seems outdated in most people’s eyes: They just don’t understand “The Lord of the Rings: The Fellowship of the Ring (Extended Version) Web3 Movie Experience”.

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“That’s the bottom line an insanely overpriced DVD menuwhich you can only see in an internet browser”asks the user tharfagreinir stunned. Another, bram_ibr shares the image of a DVD box with additional art books and says matter-of-factly: “There is.”

One of the key aspects of NFTs is that although the visual aspect of an image or video can be duplicated endlessly, they are the unique property of a specific person. None of this is the case with Lord of the Rings NFTs. On the one hand, several people can buy the same edition, on the other hand A look at the terms and conditions revealsthat of course you do not acquire rights to the film or the bonus material at any time – just like users first revealed.

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Lord of the Rings fan vagrant_dwarf sums up the general mood quite well in one tweet: “Are you fucking kidding me?” Or to put it more soberly, like the online magazine The edge : The Movieverse planned by WB “makes less sense the more you learn about it”.

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What do you think of NFTs in movies?

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