What is the reason behind the name "the fellowship"? Was it because they were united or because they shared a common goal?

What is the reason behind the name "the fellowship"? Was it because they were united or because they shared a common goal?

The name "The Fellowship" refers to both the unity of the group and their shared common goal. In The Lord of the Rings, the Fellowship of the Ring consists of diverse individuals—hobbits, men, elves, and dwarves—who come together with the singular mission to destroy the One Ring. Their unity is a result of the necessity to work together to achieve this goal, making their fellowship both a symbol of solidarity and purpose. It embodies both shared commitment and collaboration.