Warner Bros. to launch Ethereum-compatible NFT for its 'Lord of the Rings' movie

According to Decrypt, Warner Brothers (Warner Brothers) will release an NFT for its iconic 2001 film "Lord of the Rings: Fellowship of the Ring" (Lord of the Rings: Fellowship of the Ring), developed by Web3 company Eluvio, and They are hosted, along with all content data, via its Ethereum-compatible Content Fabric blockchain. Each NFT includes a 4K copy of the movie, hours of behind-the-scenes footage, tons of behind-the-scenes stills, and exclusive AR objects inspired by the film. A single "Lord of the Rings" NFT would grant the holder a license to watch episodes of the film in the same way as buying a Blu-ray DVD. Jessica Schell, executive vice president of Warner, said that if successful, Warner may explore converting more of its works into NFT, and may even establish its own NFT market.