Warner Bros. House Leisure and Eluvio Announce ‘Lord of the Rings’ Web3 NFT Film Expertise

Warner Bros. House Leisure, in partnership with Content material Blockchain pioneer Eluvio, introduced right this moment the launch of the WB Movieverse with the The Lord of the Rings: The Fellowship of the Ring (Prolonged Model) Web3 Film Expertise, obtainable for preview at https://web3.wb.com and opening for buy on October 21.

A ground-breaking first-of-its-kind Web3 leisure providing from WBHE, The Lord of the Rings: The Followship of the Ring (Prolonged Version) Web3 Film Expertise is a multimedia residing NFT, an thrilling new approach for followers to have interaction with the movie by way of 2 dynamic menu expertise choices –The Thriller Version and The Epic Version. Each permit house owners to look at the prolonged model of the movie in 4K UHD, entry greater than 8 hours of particular options, view picture galleries, uncover hidden AR collectibles, and discover themed navigation menus primarily based on iconic areas from the beloved movie, in addition to personal and commerce the expertise in a group market.

The Lord of the Rings: The Fellowship of the Ring (Prolonged Version) Web3 Film Expertise is the primary in an anticipated sequence of Web3 film choices from Warner Bros. House Leisure. Notably, it’s the first main studio movie being launched as a multimedia NFT.

The Thriller Version features a shock interactive location-based navigation menu from certainly one of three movie areas (The Shire, Rivendell, Mines of Moria), location-specific key artwork, the prolonged version of the movie The Lord of the Rings: The Fellowship of the Ring, over 8 hours of particular options, picture galleries particular to the situation assigned, and hidden AR collectibles.

The Epic Version contains all three location-based navigation menus, together with all of the options of the Thriller Version. The Epic addition additionally contains further picture galleries not included with the Thriller Version.

The Lord of the Rings: The Fellowship of the Ring (Prolonged Version) Web3 Film Expertise is powered by Eluvio, pioneers of the Content Blockchain and Web3 innovation all through the media and leisure trade. The Eluvio Content material Blockchain gives a high-performance, simple-to-use, and cost-effective Web3 platform constructed for content material. It allows Web3 native media experiences, permitting publishers and followers to immediately take pleasure in and monetize reveals, movies, live shows, digital albums, digital collectibles, interactive and metaverse experiences, and extra. Content material creators, and their communities, profit from a considerably extra carbon-efficient various to conventional platforms for digital asset administration, 4K streaming, ticketing, NFT minting, and buying and selling of premium content material. Notably, on this expertise, the core digital belongings together with by-product NFTs are all on the blockchain, not simply the token (NFT) itself. Warner Bros. House Leisure and followers take pleasure in blockchain-backed entry management and content material rights enforcement, scalable attestation of possession, good contracts that allow distributed royalties, and content material experiences that may even evolve over time.

“Followers of The Lord of the Rings can now purchase, take part, and commerce in an epic residing media expertise that may undoubtedly shock and delight them,” stated Michelle Munson, CEO and co-founder of Eluvio. “It’s really designed for a mass shopper viewers, not simply Web3 fans, which is why it ought to, and does, really feel so exceptional and interesting. On the identical time, Warner Bros. House Leisure is setting a brand new bar for innovation within the distribution of residence films by demonstrating the potential of Web3 for shopper engagement, digital provide chain transformation, and new enterprise alternatives.”

The Lord of the Rings: The Fellowship of the Ring (Prolonged Version) Digital Film NFT will likely be obtainable on October 21, completely at https://web3.wb.com. A restricted amount will likely be made obtainable whereas provides final and will likely be obtainable for buy by bank card or crypto forex.  The Thriller Version will likely be obtainable for buy for $30, and the Epic Version will likely be obtainable for buy for $100.

To take part on this novel expertise, followers create a safe, easy-to-use media pockets that acts as a digital vault and allows customers to stream and buy content material through bank cards or crypto wallets.

Eluvio’s Content material Blockchain additionally gives a breakthrough in carbon-footprint effectivity within the methods it manages media and makes use of blockchain know-how, and on-chain content material possession. By way of a novel compositional and just-in-time protocol, the Eluvio Content material Blockchain doesn’t make digital file copies and considerably reduces the community storage and utilization necessities as in comparison with conventional streaming and content material distribution methods. It additionally makes use of an eco-friendly “proof-of-authority” consensus, which avoids the excessive vitality consumption utilized in computational “proof-of-work” blockchains.