The name "Draupnir" has an interesting etymology: in Norse mythology, DRAUPNIR is a magic ring forged by the dwarf Eitri as a gift for Odin, leader of the Norse Gods. The ring symbolizes wealth creation, since each ninth morning it created eight more gold rings just like itself.
"Odin laid upon the pyre the gold ring called Draupnir; this quality attended it: that every ninth night there fell from it eight gold rings of equal weight."
from the Gylfaginning, the story of Gylfi, king of Sweden in Norse Mythology
August 23, 2008
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