The animated teaser showcases the first volume in Alex Alice's forthcoming graphic novel trilogy.
The video introduces the titular hero, a young orphan who discovers that he has a very important destiny.
Siegfried is inspired by Richard Wagner's operatic cycle The Ring of the Nibelung, which was itself inspired by the tales of Norse mythology.
"Based on the medieval Germanic mythology of the Nibelungenlied, Siegfried tells the story of a child discovered in the woods by a dwarf-goblin who raises the boy in protective secrecy," said Archaia.
"As he grows older, however, the boy discovers that he is more than just a lost orphan - he has a destiny planned by Odin, the father of the Norse gods, to fight the dragon Fafnir, guardian of the forbidden Rheingold. This beloved tale of high fantasy and epic heroic discovery is known to have inspired countless well-known classics, including JRR Tolkien's Lord of the Rings."
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Originally planned as simply a showcase for the graphic novel, the trailer is now being developed into a full-length feature by Alice and makers Pendragon Imageforge.
Siegfried vol 1 will debut in June, with the two latter instalments arriving in 2013.