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What are Wrapped Tokens?

Whiteboard Crypto
915K subscribers

Wrapped tokens in crypto allow one network to use another network’s coin to do new and useful things.
For example, BitcoinBitcoin1$ 67,635.090.18%-6.01%-15.89%details doesn’t have smart contracts, but EthereumEthereum2$ 3,551.470.15%-0.14%1.09%details does, so you can create a wrapped Bitcoin to interact with smart contracts on the Ethereum network.

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