J.R.R. Tolkien's The Lord of the Rings is, without a doubt, the most influential work of high fantasy ever created. The same went for Peter Jackson's trilogy as well. The movies' depiction of Middle-Earth set the bar for modern fantasy and was seen as the genre's peak. That's not to say the genre slacked off before or after the trilogy's time.
Source:https://www.cbr.com/fantasy-worlds-cooler-than-lord-of-rings/