Modern Fantasy is a genre of literature that features magical elements and fantastical worlds, often set in a universe distinct from our own. It includes various subgenres, such as high fantasy, which typically involves epic quests and battles between good and evil, and urban fantasy, where magical elements coexist with the real world. This genre often explores themes of heroism, identity, and morality, allowing readers to escape into imaginative realms. Notable works include J.R.R. Tolkien's The Lord of the Rings and J.K. Rowling's Harry Potter series, which have significantly influenced popular culture and inspired countless adaptations.