Since the beginning of the fourth phase, the origin of the ten rings has been one of the most mysterious plot foreshadowings in the Marvel Universe, and some people speculated early on that it may have a deeper connection with Kang and the multiverse.
After years of foreshadowing, the Ten Rings Organization finally appeared in the fourth phase of the Marvel Universe, and the leader of the organization is Xu Wenwu, not Trevor Slattery of "Iron Man 3". "Shangqi and the Legend of the Ten Rings" also introduced the ten rings in the Marvel Universe for the first time, and Wen Wu wore the ten rings to give him immortal and supernormal power, but after that movie, the origin of the ten rings is still a mystery.
Shang-Chi and the Legend of the Ten Rings, director Destin Daniel Clayton, is currently working on Marvel Studios' Fantastic Four series and Phase VI Avengers: Kang's Dynasty, and there are also rumors that a sequel to Shang-Chi is also in development, and the sequel project could unravel many of the mysteries surrounding the Ten Rings, including its origins and its actual power. So, there is currently a theory that reveals the secret connection between the Ten Rings and the main villain of the multiverse saga, Kang the Conqueror, and his ancient variant.
Wen Wu may have found ten rings in the tomb of Rama Tut
In "Shangqi and the Legend of the Ten Rings", it is revealed that Wen Wu found the ten rings in a tomb more than a thousand years ago, and this theory suggests that this tomb may be the tomb of the ancient Egyptian pharaoh Rama Tuttan. In Marvel Comics, Rama Tuttan is an ancient variant of Kang the Conqueror, an Egyptian pharaoh identity that Nathaniel Richards created himself when he first traveled through time. Although Rama Tuttan was eventually defeated by the Fantastic Four, he eventually became an important figure in Egyptian history, and the character has already debuted in the ending Easter egg of Ant-Man 3: Quantum Frenzy.
Although Wen Wu only discovered the Ten Rings in the Middle Ages, the ending Easter egg of "Shangqi and the Legend of the Ten Rings" confirms that the Ten Rings actually have a longer history, and new theories suggest that the Ten Rings probably existed in the ancient Egyptian period of Pharaoh Rama Tut. The fact that Wong, Bruce Banner, and even Captain Marvel do not know the origin and nature of the Ten Rings suggests that it either comes from the distant future or from another reality, and indications of the legendary phase of the multiverse suggest that the original owner of the Ten Rings is a variant of Kang.
The connection between the ten rings and Kang has actually been hinted at
Since the appearance of the Ten Rings in the Marvel Universe and the appearance of Kamala Khan's bracelet in "Ms. Marvel", there have been many rumors that these ancient objects are essential to the future of the Marvel Universe, like Thanos' Infinity Gauntlet in "Infinity Sagagan". Although these rumors have not seen any substantial proof in the movie, there are many hints set up, especially in "Ant-Man 3", these hints have been greatly expanded, such as ten rings, bracelets and other antiquities, which will be very important to Kang He's future plans for the overall multiverse.
This theory is actually supported by the appearance of antiquities, with the ten rings and the bracelets of Lady Marvel decorated with similar scriptures and glowing when used. This similar scriptural marker and luminescent design reappears in the recent Ant-Man 3, where viewers see Kang the Conqueror's quantum realm kingdom, also with the same text design as the Ten Rings and Bracelet. This suggests that there must be some obvious connection between the antiquities now held by the two newest superheroes on Earth and Kang, and that they will have more prominent importance in the Marvel Universe.
In Ant-Man 3, Rama Tuttan's metal limbs
Jonathan Meyers first appeared as a variant of Kang in the finale of the first season of "Loki", then Peyton Reed put Kang the Conqueror at the center in the third film of "Ant-Man", and the ending Easter egg introduced the audience to hundreds of different variations, and together they formed the Kang Council. The Council of Kang is led by three main variants of Kang, including the Immortal, the Crimson Centurion, and Pharaoh Rama Tuttan.
In the comics, Rama Tuttan looks like a human, but Marvel Studios made some modifications to his debut in "Ant-Man 3", and from the camera, Rama Tuttan's lower part of his body, as well as his arms, is a bit like a robot, Marvel Studios is still a mystery now, but at least it can be thought that the metal on his body may be the same as the metal used to make the ten rings. However, there are also theories that Rama Tuttan's limbs may be vibranium, or adamantina, but in any case, these metals will be happy for the audience to see if they are related to the ten rings.
The signal of the ten rings turned out to be transmitted to the Kang variant
If a connection is made between the Ten Rings and Rama Tuttan, it could explain the biggest mystery in Shang-Chi and the Legend of the Ten Rings, which is the mysterious signal that the Ten Rings emits in the middle of the opening scene. Wong, Bruce Banner, and Captain Marvel witness the signal, which confuses Earth's heroes, who come from the wizarding world, the scientific world, and the smartest people in the universe who don't know where the signal is delivered. This may indicate that the signal was actually sent to another timeline or reality, perhaps during Rama-Tutam's time in ancient Egypt.
The signal of the Ten Rings may be a warning to Rama Tutan that his antiquities are being used, but not for conquest. Wen Wu uses the Ten Rings to carry out the conquest, but Shang-Chi uses the Ten Rings as a weapon to bring peace, which may be contrary to the instructions of the creator, so this may start a battle between Rama Tutan and Shang-Chi in the future of the Marvel Universe, or in Shang-Chi 2, and may eventually split the will of the Ten Rings to conquer.
Rama Tuttan may appear in Shangqi 2
If this signal is really sent to Roma Tuttan, then this variant of Kang the Conqueror will appear as a villain in the legendary Shangqi 2. "Shangqi 2" is speculated to be released in the sixth phase, and there are rumors that there will be many variants of Kang in the movie, Rama Tutan being the most powerful of them. Ant-Man 3 introduces Rama Tuttan as one of the main members of the Council of Kang, so he may pose a great threat to the main universe in Shangqi 2.
In short, many unsolved mysteries left by "Shangqi and the Legend of the Ten Rings" can be answered in "Shangqi 2", including the origin of the ten rings, the connection between the ten rings and Kang the Conqueror, the origin of the bracelet of Ms. Marvel, and the purpose of the ten rings to transmit signals. In the absence of more news about the Moon Knight yet, Kang's Egyptian Pharaoh variant is the best option to continue the multiverse Kang's saga.