The term historically referred only to the Prose Edda, but this usage has fallen out of favour because of confusion with the other work.
The poems in the second part narrate legends about Norse heroes and heroines, such as Sigurd, Brynhildr and Gunnar.
The Codex Regius was written in the 13th century, but nothing is known of its whereabouts until 1643, when it came into the possession of Brynjólfur Sveinsson, then the Church of Iceland's Bishop of Skálholt.
At that time, versions of the Prose Edda were well known in Iceland, but scholars speculated that there once was another Edda—an Elder Edda—which contained the pagan poems Snorri quotes in his book.
Its purpose was to enable Icelandic poets and readers to understand the subtleties of alliterative verse, and to grasp the mythological allusions behind the many kennings that were used in skaldic poetry.