What is a Wrapped Crypto Token and its Purpose
A wrapped crypto token is a tokenized version of a specific coin that can be used on different blockchains and has the exact same value.
Wrapped tokens make it easy to transfer value across blockchains, and power a cross-chain decentralized finance ecosystem.
Some of the most popular wrapped tokens are Wrapped Ether, renBTC, Wrapped BTC, Wrapped NXM,Wrapped DOGE.