The Academy of Motion Picture Arts and Sciences announced the shortlist today, which includes four of the five highest-grossing films of the year in The Avengers, The Dark Knight Rises, The Amazing Spider-Man and Skyfall.
Also included on the list are Snow White and the Huntsman, John Carter, Cloud Atlas, Life of Pi, Prometheus and the yet-to be released The Hobbit: An Unexpected Journey.
The members of the Visual Effects Branch will be invited to view 10-minute excerpts from each of the 10 shortlisted films on January 3.
After the screenings, the shortlist will be narrowed down to five. Last year, the award was picked up by Martin Scorsese's Hugo.
The full shortlist for the Visual Effects Category is listed below:
The Amazing Spider-Man
The Dark Knight Rises
The Hobbit: An Unexpected Journey
Life of Pi
Snow White and the Huntsman
The 85th Academy Awards will take place on February 24, 2013.
Watch a behind-the-scenes clip of Skyfall below: