
In Das Rheingold, a dwarf called Alberich who steals the Rhinegold from which he makes a magic ring that would enable its wearer to rule the world. The god Wotan wants the ring for himself, and on the advice of his fellow god, the cunning Loge, the two travel to the dwarven mines to steal the ring. Loge tricks Alberich into using a magic helmet to transform himself into a toad, whereupon the gods capture him and take him to the surface. In return for his freedom the gods demand that Alberich hand over all his treasure, including the ring, which the dwarf reluctantly does but not before cursing the ring to bring its wearer nothing by unhappiness.
At the première August Kindermann played Wotan, Heinrich Vogl played Loge, and Wilhelm Fischer appeared as Alberich. The whole cycle was not performed together until August 1876 when it was staged at the Bayreuth Festspielhaus ('Bayreuth Festival Theatre').
Kristian Evensen's Richard Wagner Website includes a more complete synopsis of Das Rheingold as well as the other parts of Der Ring des Nibelungen.
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