The Three were made by Celebrimbor, and were hidden before Sauron could pervert them. However, being Rings of Power, they were still tied to the One (as were the Seven and the Nine). Once the Ruling Ring was destroyed, the Three lost their powers. A good analogy would be cutting off a beast's head -- the other body parts die, as well.
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"Monkeys learn sign language so they can tell the dolphins they love them."
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