The Orcs invade Alfheim (the land of the elves) in order to steal their precious Arkenstone - a source of infinite energy - which they use to plan their return to the land of men (Midgard/Middle Earth). All while the elves struggle to get revenge, the dwarves are enslaved by the evil Gobblins who are ruling the underworlds beneath the plains of the Nine Worlds - until they team up with the New Asgardians to stand a chance against the invincible army of Orcs of the Lord Raz'Gul.