House of the Dragon Season 3, episode 7 ending, explained: Has Ulf switched to Team Green?

At the close of House of the Dragon Season 3, episode 7, it appears that Ulf the White (Tom Bennett) may have switched allegiances to Team Green. This development is significant as Ulf, who is a dragonrider, was previously loyal to Rhaenyra (Emma D'Arcy), the protagonist. The storyline reveals a conversation between Ulf and Lord Ormund (James Norton), where Ormund reveals his knowledge of Daemon's actions against Ulf in King's Landing.

Ulf is then informed about his possible loss of Honeyholt, a castle, and Driftmark, implying that he could soon be without a master. This prompts Ulf's declaration, "They will burn." The turning point seems to be when Ormund, aware of Ulf's discontent, offers him the very things he desires - a lordship and a castle, in exchange for turning against Rhaenyra's faction.

Thus, Ulf's primary motivation has been the status and recognition a new dragon might bring. This shift of loyalty marks a turning point in the storyline and could have profound implications for Rhaenyra's faction in the coming episodes.