Part 2/8:
To understand the powers of the Elvish Rings, we must briefly examine their origins. During the Second Age, Sauron possessed the ability to shape-shift and took on the guise of a beautiful being named Annatar. He approached the Elves, specifically focusing on the chief artisan Celebrimbor, who was captivated by Sauron's craftsmanship and skills in forging. Unbeknownst to the Elves, Sauron had his agenda; while Celebrimbor crafted sixteen Rings—intended for Men and Dwarves—Sauron secretly forged the One Ring in Mount Doom to dominate them all.
However, Celebrimbor, aware of Sauron's deceit, expertly created three Rings: Narya, Nenya, and Vilya, which translated to the Rings of Fire, Water, and Air. These rings would serve a greater purpose than merely their names implied.