One Ring was the One Ring. Frodo inherited the Ring from his uncle Bilbo Baggins. In Tolkien's earlier novel, "The Hobbit", Bilbo found the Ring in the caverns beneath the Misty Mountains. It had been lost in the caverns by Gollum, who used the invisibility it conferred to hunt orcs to eat. Gollum, a hobbit previously known as Sméagol, had kept the Ring for hundreds of years. He had murdered his friend Déagol to get the Ring shortly after Déagol found it in the river Anduin. Many centuries earlier the Ring had betrayed Isildur and fallen from his finger into the Anduin
The Ring (Chuck) Larkin reveals that FULCRUM was only one part of the Ring, however he died from a fatal gunshot wound before he could say anything further about what he knew. Unlike FULCRUM, which is primarily made up of rogue elements of the CIA, the Ring has operatives outside the intelligence community. How much the government knows about the organization is also unknown. Bryce Larkin was familiar with their existence, and Daniel Shaw has been tracking them for at least five years by the time he takes over command of Team Bartowski. In "Chuck Versus Operation Awesome" he reveals that the Ring